Business

BOST clarifies amount paid for iPhones bought for company executives

The Bulk Oil Storage and Transportation Limited (BOST) has debunked earlier media reports which suggested that the company paid a little over 28 million cedis for the purchase of iPhones for its corporate executive members.

In a statement issued on September 30, the Oil Company maintains it has made some purchase of the said iPhones but insists that the total amount paid was a little over two hundred and eighty-five thousand cedis after taxes were paid.

The Statement went further to justify the reason behind the purchase stating that it was to equip their team to stay up to speed with company’s information.

“The Bulk Energy Storage and Transportation Limited Company has noted with dismay a section of a procurement report making rounds in the traditional and social media space claiming the company bought 18 iPhones at a cost of Twenty-Eight Million, Five Hundred and Forty-One Thousand, Two Hundred and Sixty-One Ghana Cedis (GHS28,541,261.00) for some critical officers of the company.

“The company bought eighteen (18) pieces of iPhone 13 Pro Max phones for our 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 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 BOST statement said.

 

Source: Ghana Business

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