• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

BOST’s GHS 86.4m positive equity the first in 11 years, says Minister for Public Enterprises

2 years ago
in Business, Editor's pick, Energy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
58
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

BOST’s GHS 86.4m positive equity the first in 11 years, says Minister for Public Enterprises

The Bulk Oil Storage and Transportation (BOST) company has transitioned from a negative equity position of (GHS 248,190,799) in 2021 to a positive equity position of (GHS 86,466,542) in 2022.

The positive equity position of BOST, now places the company on a sound footing to enable the company pay dividends to the government given that it is a state-owned enterprise (SOE).

The positive equity position of the company is on the back of a record GHS 342m net profit recorded in 2022.

Speaking at the 2nd Annual General Meeting (AGM) of the company, Minister for Public Enterprises, Joseph Cudjoe, noted that BOST’s positive equity position of GHS 86 million is the first in the last 11 years.

According to him, BOST’s turnaround is a significant development aligned with the Ministry’s goal of addressing long-standing challenges that have bedeviled State Owned Enterprises and prevented them from recording profit.

“The BOST model has vindicated my preposition that with the right balance, management of SOEs can make huge profit from the substantial assets they possess,” he stated.

RelatedPosts

AngloGold Ashanti Doubles Earnings and Free Cash Flow on Higher Gold Prices, Production Surge in Q2 2025

Africa’s Richest Country to Boost Continental Trade Ties After U.S. 30% Tariff Hit

Nigeria Hits Panic Button as West Africa Logs $2.1bn in Suspicious Crypto Transactions

The Minister expressed optimism that given the GHs 342m net profit recorded by BOST in 2022, the company will move up the Public Enterprises League Table (PELT) from its current 8th position.

The Public Enterprises League Table (PELT) promotes competition among public enterprises.

“I am aware that BOST is at the twilight of the implementation of their 2020-2024 Strategic Plan which aims to transform the company from a loss-making entity to a profitable one that pays dividends.”

“I commend management for being able to achieve this goal, two years ahead of schedule. I reaffirm my commitment to supporting BOST in diverse ways to sustain this remarkable achievement,” he quipped.

Tags: BOST’s GHS 86.4m positive equity the first in 11 yearsBulk Oil Storage and Transportation (BOST)Joseph CudjoeMinister for Public EnterprisesPublic Enterprises League Tablesays Minister for Public Enterprises
No Result
View All Result

Highlights

CID Recovers 43 Stolen Luxury Vehicles Smuggled into Ghana

2025 Mid-Year Economic Review: Fiscal Discipline is a Necessary Pain

Ledecky’s Heroics Highlight Underwhelming US Campaign at World Aquatics Championships

CAF Establishes New Infrastructure Department to Enhance Stadium Development Across Africa

Bibiani Gold Stars Set to Begin GPL Title Defence Against Bechem United as Fixtures for 2025/26 Season Are Released

Gov’t Increases Producer Price of Cocoa to GHS 51,660 per Tonne for 2025/2026 Season

Trending

Business

AngloGold Ashanti Doubles Earnings and Free Cash Flow on Higher Gold Prices, Production Surge in Q2 2025

August 4, 2025

AngloGold Ashanti Doubles Earnings and Free Cash Flow on Higher Gold Prices, Production Surge in Q2 2025...

Africa’s Richest Country to Boost Continental Trade Ties After U.S. 30% Tariff Hit

August 4, 2025

Nigeria Hits Panic Button as West Africa Logs $2.1bn in Suspicious Crypto Transactions

August 4, 2025

CID Recovers 43 Stolen Luxury Vehicles Smuggled into Ghana

August 4, 2025

2025 Mid-Year Economic Review: Fiscal Discipline is a Necessary Pain

August 4, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.