We spent GH¢285k on 18 iPhones not GH¢28m – BOST

The Bulk Oil Storage and Transportation Company Limited (BOST) has responded to recent accusations that the company spent GH28 million on 18 iPhone 13 Pro Max phones for its senior officers.

BOST stated in a statement that it had purchased phones for its corporate officers in May 2022, but it refuted the GH28 million amount that had been circulating on social media.

According to the company’s Corporate Communications and External Affairs Department, the true cost of the phones was GH234,000.00, grossed up for taxes at GH285,412.16, not the incorrect GH28 million amount being used.

“The total cost of the phones stood at Two Hundred and Thirty-Four Thousand Ghana Cedis (234,000.00) grossed up for taxes at Two Hundred and Eighty-Five Thousand, Four Hundred and Twelve Ghana Cedis, Sixteen Pesewas (GHS285,412.16).”

We spent GH¢285k on 18 iPhones not GH¢28m – BOST

The Auditor General who audits the company, at least over the past three years, vetted the decision and the value and made no adverse findings about same, according to BOST, who also added that the GH28 million “may be due to a typographical error of placing the dot(.) two steps to the right which on the face of the document converted the GH285,412.61 to GH28,541,261.00.”

“The reason for the purchase of the devices was to equip the team to stay in touch with the management information and business intelligence systems of the company for efficient decision-making. In the petroleum storage and transportation space, a split second can make the difference between success and failure. The results so far attest to the efficiency of the systems put in place which includes the access points for key members of the team to access processed information for efficient decision-making,” BOST added in its statement.

Akosua Boatemaa

I'm Yours Truly, Blogger Akosua Boatemaa. I'm here to feed Your eyes and Ears with Authentic News Updates.

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