The 2023 Auditor General’s report disclosed that 44 Oil Marketing Companies owed the Bulk Energy Storage and Transportation (BOST) Company a total of GH¢59.525 million in margin levies as of December 31, 2022.
The report advised BOST’s management to take the necessary legal actions to recover the owed amount and to provide the required evidence for audit verification.
Additionally, the Auditor General’s review of procurement transactions at BOST revealed that the company spent GH¢886,771 on goods and services from five different suppliers/service providers.
It also noted that Tax Clearance Certificates (TCC) with identical serial numbers were issued from four different Taxpayer Service Centres, each bearing the same serial number but different issuing dates.
Consequently, the A-G report recommended that sanctions under Section 92 of the Public Procurement Act, 2003 (Act 663) as amended, be imposed on the officers responsible for the noted infraction.
The report further found that management had paid GH¢1,049 million for goods and services, which included a VAT component of GH¢146,799.
However, it was discovered that the suppliers/service providers had issued Value Added Tax (VAT) invoices for their goods and services from the same VAT invoice booklet.
The Auditor General recommended that BOST’s management ensure that the respective suppliers/service providers provide proof of payment of the GH¢146,799 VAT amount to the Ghana Revenue Authority.