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Wednesday, October 20, 2021
General News

BOST MD ‘Forced To Resign’ Over Bad Governance


It has emerged that the Managing Director (MD) of the Bulk Oil Storage and Transport (BOST) Company Limited, George Mensah Okley, was given the option to resign or be sacked.

Sources say ‘higher authority directed him to resign over alleged poor governance issues at BOST.

He subsequently took the option of resignation instead of being fired.
It is not clear if he would return to ministry of energy where he was plugged from to head BOST.

He has been accused of bad management and corporate governance practices including mass employment, chocking BOST with unneeded hands.

He is also alleged to have engaged several interns, and paying allowances.

He allegedly been picking fight with staff thus undermining BOST’s corporate image.

Daily Guide is informed that Mr. Okley stepped down on Friday, August 23, 2019.

President Akufo-Addo appointed Mr. Okley in 2017 following the dismissal of Alfred Obeng Boateng.

Sources say the Presidency is taking steps to sack all CEOs of state enterprises whose actions do not support the vision of the current administration.

Source: Daily Guide

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