BOST board promises a transformative phase at inaugural meeting - MyJoyOnline (2025)

The Bulk Oil Storage and Transportation Company Limited (BOST) has officially ushered in a new era of leadership with the inaugural meeting of its newly constituted board, held at the company’s headquarters in Accra. The session marks a pivotal step in repositioning the state-owned energy logistics firm as a driver of innovation, transparency, and operational excellence in Ghana’s downstream petroleum sector.

The board, chaired by renowned academic and energy policy expert Professor Saint Kuttu, convened for the first time to align the company’s strategic goals with national energy priorities.

The meeting was attended by all newly appointed board members, including Afetsi Awoonor (CEO), Otoo Allister, Mahammed Adams Sukparu, Delphina Jones, Atchere Asuah-Kwasi, Esq., Albert Tibe Anarwat, and Ludwig Akpene Hlodze.

“We are entering a transformative phase in BOST’s journey,” Prof. Kuttu remarked. According to the chair, the board is committed to enhancing efficiency, promoting transparency, and positioning BOST as a key pillar in Ghana’s energy security framework.

Strengthening national energy resilience

BOST plays a critical role in Ghana’s petroleum distribution system. It operates six depots and a nationwide network of pipelines and storage infrastructure, supporting the government’s strategy to stabilize fuel supply and pricing across all regions.

With a mandate that includes the development and management of strategic petroleum reserves and the development of storage and transmission assets, BOST is poised to elevate its national impact. The company aims to increase its fuel reserves from the current target of six weeks’ national consumption to twelve weeks, reinforcing Ghana’s energy buffer against global supply shocks.

Revenue growth through strategic assets

The board discussed new pathways to bolster BOST’s revenue generation through leasing strategic infrastructure and enhanced reserve management. These efforts are part of a broader agenda to shift the company from cost-recovery operations toward sustainable profitability and sector leadership.

A moment of renewal

Internally, the meeting was seen as more than just a formal gathering. “It’s a moment of renewal,” noted a senior staff member. “There’s a genuine sense that BOST is transitioning toward a more strategic and impactful role in the national interest.”

The new board’s vision reflects growing calls for public enterprises to not only deliver services efficiently but also contribute meaningfully to national development. Under this refreshed leadership, BOST is expected to lead key energy initiatives, especially as Ghana eyes greater energy self-sufficiency and regional influence.

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