The Bulk Energy Storage and Transportation Limited Company, popularly known as BOST, has debunked speculations and reports of importing manganese-laden fuel under the government’s Gold-for-Oil Policy.
According to the company, none of the 23 cargoes of importation under the gold-for-oil policy have failed the quality test as carried out by the Ghana Standard Authority (GSA).
In a statement issued on Monday, November 27, 2023, BOST categorically denied claims that the Gold4Oil policy is to blame for the manganese-laden fuel in the country.
“We wish to state unequivocally that we have not imported any product under the policy that is off the specifications per the regulations of the National Petroleum Authority and the product specifications of the Ghana Standard Authority.
BOST called on the public to disregard the claims while allowing authorities to investigate the cause of the manganese-contaminated fuel that consumers have complained about.
“We, therefore, implore the public to disregard the claims of our detractors regarding the importation of manganese-laden fuel and grant the regulatory authority of the petroleum downstream the time and space to investigate the exact source of the said product and also to tighten the regime to clamp out the room for the importation of potentially problematic products onto the market.”
The company also assured the public that it would continue to import products from safe sources without compromising on quality standards.
“We shall continue to import products from safe sources without compromising on quality standards and leverage the volumes to serve the market at reasonable prices to beat down the cost of living in the country.”
