It has emerged that despite claims that the provision of logistics including phones to Executives and Directors of the company, the provision of such logistics has been in place since 2001.
Social media narratives last week sought to suggest that the practice was strange and wasteful. But investigations by abcnewsgh.com have revealed that various logistics have been provided to facilitate the work of senior Managers since time immemorial.
abcnews investigations have established that the policy started as far back as 2001. It continued under the tenure of former CEO Mr. Awuah Darko during which phones were provided for managers based on their role.
It has also emerged that the key justification for the supply of phones to executives included the fact that BOST systems are being increasingly automated making it critical to have the ability to connect Board and executives for meetings and related approvals.
It has been further revealed that critical infrastructure such as BOST are highly prone to cyber attacks in recent years requiring senior staff to utilize company owned secured devices for transacting company business.
In a statement released by BOST it has been explained that contrary to earlier reports that the logistics cost over Twenty-Eight Million, Five Hundred and Forty-One Thousand, Two Hundred and Sixty-One Ghana Cedis (GHS28,541,261.00) the real cost was just around Two hundred eighty-five thousand four hundred twelve and sixty-one pesewas ( GHS285,412.61)
Background
The Bulk Energy Storage and Transportation Limited Company (BOST), has recently come under the spotlight due to allegations of extravagant spending on iPhones for its corporate executives. Social media was ablaze with reports that BOST had purchased 18 iPhone 13 Pro Max phones at a staggering cost of over of Twenty-Eight Million, Five Hundred and Forty-One Thousand, Two Hundred and Sixty-One Ghana Cedis (GHS28,541,261.00). A report which turned out to be false. This sensational information quickly went viral, prompting widespread criticism and outrage.
Explaining how this false reportage emerged, the corporate affairs explained that the financial reports of the company, which was prepared after the Auditor General audited the company’s finances, made a typographical error of placing the dot(.) two steps to the right which on the face of the document converted the GHS285,412.61 to GHS28,541,261.00.
