Ghana’s former president, John Dramani Mahama believes a single Chief Executive Officer should manage the West African nation’s only refinery, TOR, and the strategic oil company, BOST.
The two oil companies were managed by Mr Kwame Awuah Darko during the tenure of Mr John Dramani Mahama.
The former political leader, who is seeking a come back on the ticket of the National Democratic Congress (NDC), said he would reverse the current situation where two persons are managing the companies if he is given the nod in Ghana’s upcoming general elections slated for December 7, 2020.
He attributed Ghana’s struggles with petroleum pricing to “a lot of inefficiencies in the distribution chain of petroleum products.
“Due to the improved efficiency between the two of them [BOST and TOR] in handling petroleum products, we were able to keep petroleum products at a much lower price than they would have been if we had left it the way it was. And so when I come as president again, I am going to appoint one chief executive to be in charge of both BOST and TOR and we will rebuild BOST’s capacity as a state-owned enterprise,” he promised.
Again, Mr Mahama said the NDC plans to, once again, turn around the fortunes of BOST and return it to its glorious days.
“We took BOST from the worst-performing state-owned enterprise and by the time we left office, BOST was the best-performing state-owned enterprise.
“We will rebuild BOST again to claim its glory and we will let it work together with the Tema Oil Refinery so that we can ensure that efficiency of distribution in the system will bring down prices and inure to the benefit our people.”
