It has been established by the Auditor General after a review of bulk oil storage and transportation company limited (BOST) board’s policy documents that, the board has no policy guidelines on how BOST’s financial resources should be invested but they did an investment with some financial institutions leading to lock up of funds to the tune of GH¢19,665,333.36.
This is contained in the Auditor-General’s 2021 report on the Public Accounts of Ghana – Ministries, Departments and Other Agencies.
However, the Auditor General recommended that the Board should develop a policy document to guide future investment decisions of the company.
