Ghana to build $200m storage terminal for gas, petroleum products

State-owned Bulk Oil Storage and Transportation (BOST) Company Limited will start constructing a $200 million facility that would store Liquified Petroleum Gas (LPG) and other petroleum products.

The terminal, which will be financed with the $3 billion Chinese loan, is said to be sited at Atwereboanda in the Ahanta West District of the Western Region.

A Ghana News Agency (GNA) publication March 15, 2012 cited Dr. Yaw Akoto, Managing Director of the BOST as saying that the terminal would receive LPG from the proposed Ghana Gas Facility at Atuabo for transportation to BOST branches in the country.

Three hundred acres of land has been acquired for the project expected to take off before the end of the year, and it would take about 24 months to complete, said Dr. Akoto when he met the Ahanta West District Chief Executive Mr. Joseph Dofoyenah during a courtesy call, the GNA reported.

Officials are said to be negotiating with the Lands Commission on the terms of payment for the land where the project will be sited, which is estimated at GH¢4 million.

BOST currently has storage facilities at six locations within the country namely; Accra Plains, Mami-Water, Akosombo, Kumasi, Buipe and Bolgatanga.

By Ekow Quandzie