Home News Exposed! …How BOST Transferred GH¢40, 500,000 Cash Into COS Sundries’ Account  

Exposed! …How BOST Transferred GH¢40, 500,000 Cash Into COS Sundries’ Account  

3 min read

 By Frank Amponsah


The Centre for National Affairs (CNA) has challenged the office of the Special Prosecutor (SP) to investigate the circumstance under which some GHC40, 500,000.00 from the Bulk Oil Storage and Transportation (BOST) was transferred into the Chief of Staff’s Sundries Account.

According to CNA, its investigations and evidence suggests that the said amount of money was transferred from August 2015 till later part of January 2017 under the former BOST management.

CNA revealed that BOST management made monthly payment of GHC3.5 million and GHC2.0 million into the Bank of Ghana Account belonging to the said recipient.

The transfers, according to CNA were made into Account No. 1018631473188 without any reason although those transfers were done in the name of the people of Ghana.

It also emerged that within that period, fourteen (14) transfers were made into that account.

It indicated that letters covering the transfer suggested that the fund transfer is done in respect of monies accrued from the security fees taken from the BOST Account to be made into the said recipient account.

CNA also indicated that reasons for payment from BOST that was made into the said account and the nature and manner by which the monies were used were not known to the public, which raised many suspicious and questions.

The group said it has every reason to believe that state agencies were directed under the previous government to make such payments.

In view of this development, CNA said per the authority imposed on the a special prosecutor under Act 959 section 1a and b, the Special Prosecutor must investigate the development and ensure that the people of Ghana are not short changed in any way.





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