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BOST reacts to Minority’s allegation on office construction cost

The Bulk Oil Storage and Transportation Company (BOST)

The government allegedly overcharged for its new office facility, according to claims made by the Minority, which were denied by the Bulk Oil Storage and Transportation Company (BOST).

John Jinapor, the ranking member of the Mines and Energy Committee, claimed Friday that the administration had inflated the contract amount for the office space.

According to Mr. Jinapor, the deal was first signed for $39 million during the previous Mahama administration and has since been increased to $78 million by the current administration.

The Head of Corporate Affairs at BOST, Malik Agyei, refuted the claim that there had been a 100% inflation while acknowledging that the starting cost had increased.

Speaking to JoyNews, Mr. Agyei revealed that the contract price was adjusted to $49 million from the alleged $78 million due to legal variances.

“You will discover that the $39 million contract that BOST signed was against the Public Procurement Act in the 2020 Auditor General’s report. The new administration of BOST set out to change this.

The work, which cost $39 million in 2016, was actually valued at $49.6 million in 2022, he said.

President Akufo-Addo was tasked by Mr. Jinapor to order a quick probe into the situation.

“It is clear that some officials are responsible for and involved in this massive scam. Regarding how the Akufo-Addo-led administration will handle this dilemma, we have no faith in them.

However, he added, “It is our hope that for the first time the President will muster and collect the guts to cause an impartial inquiry into this fraud, which is of colossal scale, and punish his officials whose ignorance and irresponsibility have led us into this massive debt.

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