BOST admits buying 18 iPhones for Board Members and General Managers

Bulk Energy Storage and Transportation Limited Company (BOST)

Bulk Energy Storage and Transportation Limited Company (BOST)

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The Bulk Energy Storage and Transportation Limited Company (BOST) has responded to reports that it bought 18 iPhone 13 Pro Max phones for some staff at a total cost of over GH¢28 million.

In a statement in response to the reports, BOST admits buying the phones for its corporate executives in May 2022.

“The total cost of the phones stood at Two Hundred and Thirty-Four Thousand Ghana Cedis (234,000.00) grossed up for taxes at Two Hundred and Eighty-Five Thousand, Four Hundred and Twelve Ghana Cedis, Sixteen Pesewas (GHS285,412.16),” the response issued by the Corporate Communications and External Affairs Department on Saturday, September 30 said.

READ MORE: BOST awards contract of GH¢285,412.61 to buy 18 iPhone 13 to Board Members and General Managers

It indicated that the amount was captured in the financial report of the company.

It added that the report has been audited by the Auditor General and the decision has been vetted without any adverse findings made about same.

BOST, however, observed that there was a typographical error with the placement of the dot in the report.

“The Twenty-Eight Million, Five Hundred and Forty-One Thousand, Two Hundred and Sixty-One Ghana Cedis (GHS28,541,261.00) in the report may be due to a typographical error of placing the dot(.) two steps to the right which on the face of the document converted the GHS285,412.61 to GHS28,541,261.00.

“The public is hereby entreated to ignore the claim that the company bought eighteen (18) phones at 28 million.

“It is both erroneous and mischievous.”

It justified the purchase of the phones, saying it is “to equip the team to stay in touch with the management information and business intelligence systems of the company for efficient
decision making”.

“In the petroleum storage and transportation space, a split second can make the difference between success and failure. The results so far attest to the efficiency of the systems put in place which includes the access points for key members of the team to access processed information for efficient decision making.”


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