We would’ve made GH₵1bn profit without external shocks – BOST MD

Dr. Edwin Alfred Provencal, Managing Director of Bulk Energy Storage and Transportation Company Limited (BEST), formerly BOST, revealed that the company expected to earn GHS 1 billion in profit for 2023 but recorded GHS 208 million instead.

The shortfall was attributed to disruptions from the Russia-Ukraine war and the COVID-19 pandemic, which impacted the fuel supply chain.

Despite these challenges, BOST has remained profitable, with previous profits of GHS 160 million in 2021 and GHS 342 million in 2022.

Dr. Provencal highlighted that external shocks and government interventions contributed to the reduced 2023 profits.

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