The Finder has sighted a document which reveals that the Board of Directors and a Petroleum Advisor of the Bulk Oil Storage and Transportation Company Limited (BOST) shared GH¢1.9million of the state-owned firm’s profit for 2015.
The document titled ‘Annual Profit Sharing Computations’ listed the beneficiaries as Mr Kwame Awuah Darko, Managing Director (MD) of BOST, Mr Albert Akpalu, Mr Alfred Botchway, Madam Comfort Ahwoi, Kakra Essamuah, Mr Kofi Adams, Mr Kojo Amissah, Professor Ahiawodor, all board members and Mr Louis Tanoe, Special Advisor to the MD.
The breakdown is as follows: Mr Awuah Darko,-GH¢725,000; Mr Tanoe - GH¢546,000, Mr Akpalu - GH¢76,000, Mr Botchway - GH¢76,000, Madam Ahwoi - GH¢76,000, Mr Kakra Essamuah - GH¢76,000, Mr Kofi Adams - GH¢76,000, Mr Amissah - GH¢76,000 and Mr Ahiawodor - GH¢76,000.
The total amount paid to the other seven board members is GH¢532,000 which is less than the GH¢725,000 paid to Mr Awuah Darko alone as well as the GH¢546,000 dished out to his Special Advisor.
This GH¢1.9million is said to be outside salaries paid to the MD and his special advisor as well as sitting allowances paid to board members.
This revelation once again raises questions about boards of public institutions awarding themselves bonuses but when losses are incurred tax payers monies are used to pay.
This amount was shared to the board members and the Special Advisor because Mr Awuah Darko had publicly declared that BOST made a half year profit of $21million in 2015.
GH¢1.125m paid for empty office
It has also emerged that BOST paid a colossal GH¢1.125m for keeping an empty office it vacated for two years before handing over the keys to the owners in June 2016.
BOST quits $25,000 office to rent $43,000 per month
It is also learnt that BOST has vacated its rented office in Airport Residential Area, which was costing the company $25,000 per month, and rented a new office in Dzorwulu at a cost of $43,000 per month – a move which experts say does not make economic sense.
BOST building $38m office
Sources also said BOST is putting up a new office building around Gulf House at a cost of $38million.
The sources said BOST made an upfront payment of $10million before the project even started.
The project is being undertaken by Rolidar Limited.
Source: The Finder
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Ghana will continue to wallow in poverty if qualified people are not selected on appropriate board,look at ndc officials with no experience in oil sector to sit on the board,it was the same thing they did on ecg board with allotey joseph and energy commission with ....
Check dealings of Trafigura,and Louis Tanoue the ivorian
NSAWAM PRISON MUST BE EXPANDED because it cannot contained the new prisoners coming in 2017.
Huh!!!They have started. They are going to start the excuses why they canot perform so they are starting with people chopping money. This trick is old and Ghanaians wont fall for it. You knew what the state of the economy was before you were promising? After all you always have one ***barred word*** event called the true state of the economy
Known NDC members like Kofi Adams. Kakra and Prof Ahiawodor on the board... They are running BOST like they own it. This is one of the create, l00t and share in practice. Thank God this will shortly come to an end very very soon.
...so Curseddd be he who receives this money!
Billions of cedis as allowances for single persons? I'm saddled by this decision taken. These persons must be made to refund all these because they do not have to award allowances to themselves. It doesn't make sense if BOST is telling Ghanaians they made $21 million profit in 2015 but made GHC 32 million loss in 2016. It is mathematically illogical.
create, loot and share every where. oooh mother Ghana
This kind of news is difficult to trace in state media. Ghana,the word truth hmmm. Yet everybody is a Christian & mega churches like Otabil,Duncn Williams etc are full on Sunday.Lord have mercy.