has marked its 30 years’ anniversary with Ghana’s Minister for Energy, Dr Matthew Opoku Prempeh, praising the current management and the Board for turning around the company.
BEST was incorporated in December 1993 as a private company limited by liability company under the Companies Act, 1963 (Act 179) with the Government of Ghana as the sole shareholder.
The company was given the mandate to develop a network of storage tanks, pipelines and other bulk transportation infrastructure throughout the country and keep strategic reserve stocks for Ghana.
On Saturday, 20th January 2024, the company held a Thanksgiving Service at the Cathedral of the Most Holy in Accra and Awards Ceremony to climax the 30th anniversary.
The company awarded the founding Managing Director, Board Members, founding staff and partners.
Addressing the staff of BEST at the Thanksgiving Service, the Board Chairman of the company, Mr. Ekow Hackman, said when the current management and Board took over the company, it was not in a good shape.
According to him, the company was struggling in many ways and could best be described as ‘in the shadow of death’.
“The future was bleak for BOST,” he stated.
Mr. Hackman thanked the God for using them to turn the company around and prayed that the company continues to thrive after their exit.
The Minister for Energy, Dr Matthew Opoku Prempeh commended the Management and Board for their hard work which had transformed the company.
He said the company, which was saddled with debt, has been turned into a profit making company, stating that the company made Gh¢161 million profit in 2021 and Gh¢342.5million net profit in 2022.
“I look forward for even more profit,” he said.
Source: https://energynewsafrica.com