• Aerial view of Bulk OilStorage and Transportation
Company Limited facility

If Ghana is to quickly recover from the current economic problems and be able to make things better for all Ghanaians and other residents in the country, then each and everyone will have to play his/her role in support of the country’s national agenda for socioeconomic development.

If certain individuals and groups play their part well while others also keep destroying things, the result will be unpalatable in the sense that not much can be achieved to improve upon the welfare of Ghanaians. It is important to note that the agenda for national development will not be an easy task but if every person agrees to work hard and contribute his/her quota towards national progress, things will be far better for everyone in the country.

SOEs

It is unfortunate that some State-Owned Enterprises (SOEs) are not performing well due to greed and corrupt practices. Some of these state enterprises are not making use of good governance but rather victimising some of their members of staff and ensuring that conditions are highly unfavourable for some of these people to have their peace and put in their best to ensure satisfactory productivity.

Many of such enterprises led by their management have linkages with corrupt officials in their procurement department, finance office, general administration and many other places to engage in what has become known as “create and share” among themselves. The overall result of this is poor performance and inability to generate more revenue to support central government revenue. What happens very often is that these corrupt officials team up to do little to improve the financial position of their own state enterprises, sometimes rendering it worse than what they came to find.

DISTRESSED ORGANISATIONS

There are a number of cases in this country where at the initial stages, the management at the time found it very difficult to make meaningful strides as a result of limited resources and other problems that they were facing. The genuine problems faced by these organisations did not help matters in the sense that the management of these organisations, tried as they did, could not make any headway even though they did their best and were committed towards progress and development. In spite of this, they were able to find other leaders appointed later to take over the management of their distressed entities.

The challenge was accepted by management in some of these organisations to overcome the hurdles and make things better. As a result of this, the distressed organisations concerned were able to recover from their problems and difficulties to make things far better than the situation they came to meet. 

PROSPERITY

It is not easy to move from nowhere in terms of limited resources and push forward to a place where prosperity is made to become the order of the day. When things happen in this way, it brings remarkable improvement to all members of staff, helping them to be knitted together as one family striving for good life of prosperity.

Prosperous life does not come about easily, especially within organisations. Rather they are able to come about as a result of discipline, selflessness, dedication and alacrity, among others. Also, the rules of the organisation, the welfare packages and all others will have to be applied in a manner that will favour anyone who works for the organisation.

TRANSPARENCY

In organisations where things are made transparent, everyone feels good and work hard towards the general good of the entities. This is what all organisations, together with their staff and management ought to do if they are to achieve the ultimate. This is attainable so all public enterprises will have to put in their best for the attainment of this positive agenda.

State-owned enterprises or organisations in public sectors should never consider their activities unimportant or begin to do business as usual, that is not caring to bring in innovative ways that will bring about great increase in productivity compared with what they did in the past and disillusionment.

BOST POSITIVE TURNAROUND

It is in light of this that the Bulk Oil Storage and Transportation Company Limited (BOST) ought to be highly commended for being able to make a positive turnaround and bringing about great improvement to the economy. This is what all state-owned enterprises or public organisations ought to do to ensure that the assets of such public entities are being held in a responsible way for the country. When things happen like this, it helps the whole economy to go forward.

All sectors of the economy must grow but this should not come from the private sector alone. The public sector must also do all it can to bring in such improvement.

DISCIPLINE

For the public sector to grow well, there must be discipline on the part of the governing board, management and also members of staff. All leaders must, therefore, provide good examples for the attainment of the best results.

We will continue to be proud of BOST for what they have been able to do.

IMPRESSIVE REVENUE

The Bulk Oil Storage and Transportation Company Limited (BOST) has recorded a revenue of GH¢1.12 billion in 2021, almost twofold the GH¢632 million recorded in 2020.

Out of that amount, GH¢671.6 million came from product sales, GH¢380.4 million from the BOST margin, GH¢52.64 million from storage and rack, GH¢14.83 million from marine transportation, with GH¢2.07 million coming from products swap. The Managing Director of BOST, Edwin Provencal, who disclosed this at a press conference in Accra, attributed the company’s recent successes to some new policies introduced.

HONESTY & COMMITMENT

The trick about Mr. Provencal and his management is that they were disciplined and honest apart from their commitment to the work they are doing. If BOST has been able to do it, then all other public agencies can do same.

All sectors of the economy ought to be able to grow under the various leaderships there, as has been done by BOST, so that tremendous success can be attained for the country. When all sectors grow well, we will all end up contributing various sources of income to the national kitty and the result will be nothing but national growth for the entire country.

Email address/whatsApp number of author:

Pradmat201@gmail.com (0553318911)

By Dr. Kofi Amponsah-Bediako