The Bulk Energy Storage and Transportation Limited Company (BOST) is now BOST Energies as part of strategic reforms towards positioning the national fuel reserve facility to remain efficient and relevant to the country.
The rebranding came to light at the 2025 Annual General Meeting (AGM) of the company at its Head Office in Accra on August 27, 2025.
The meeting brought together key stakeholders, including the Honourable Minister for Energy and Green Transition, the Director-General of the State Interests and Governance Authority (SIGA), the CEO of the National Petroleum Authority, representatives from the Ministry of Finance, the Ghana Audit Service, the Board and management members of BOST.
Minister for Energy and Green Transition, John Abdulai Jinapor commended the board of directors, under the chairmanship of Professor Saint Kuttu, and Management led by the Managing Director, Mr. Afetsi Awoonor, for the excellent work they have done over the past seven months towards enhancing the operational efficiency of BOST.
Mr Jinapor challenged BOST to strategically position itself in the petroleum downstream value chain to be a major supplier to the industry.
He urged the company to accelerate innovation and investments that align with the government’s green transition agenda, stressing that “By integrating sustainability into its core business, BOST can lead the way in building a cleaner and more resilient energy future for Ghana.”
The Director-General Oof SIGA, Prof Michael Kpessa-Whyte emphasised the need for BOST to achieve profitability and declare dividends to the Government of Ghana by the end of the 2025 financial year.
On the 2025 performance contract signed between SIGA and BOST, he indicated that SIGA expects BOST to demonstrate measurable progress in cost optimisation, revenue generation, and asset maximisation.
“The Board and Management must demonstrate accountability not only to SIGA but also to the Ghanaian people who ultimately own this enterprise. Every decision must be justified by its contribution to national development and value creation”, the SIGA Boss stated.
Board Chairman of BOST, Prof Saint Kuttu reaffirmed the company’s commitment to fulfilling its mandate of guaranteeing Ghana’s strategic petroleum reserves and ensuring adequate storage and transportation infrastructure.
He highlighted BOST’s ongoing investments in infrastructure rehabilitation, digitalisation, and enhanced governance at the board level.
