BOST board charts new strategic direction in inaugural meeting

The Bulk Oil Storage and Transportation Company Limited (BOST) has a new board. They held their first meeting at the company’s headquarters in Accra. This marks a significant change for BOST, aiming to improve innovation and transparency.

The board is chaired by Professor Saint Kuttu, an expert in energy policy. All newly appointed members attended the meeting. These include Afetsi Awoonor (CEO), Otoo Allister, Mahammed Adams Sukparu, Delphina Jones, Atchere Asuah-Kwasi, Esq., Albert Tibe Anarwat, and Ludwig Akpene Hlodze.

Professor Kuttu stated that BOST is entering a transformative phase. The board aims to enhance efficiency and promote transparency. They want BOST to be a key part of Ghana’s energy security.

BOST plays an important role in Ghana’s petroleum distribution system. It operates six depots and a network of pipelines across the country. This supports the government’s strategy for stable fuel supply and pricing.

BOST plans to increase its fuel reserves from six weeks to twelve weeks of national consumption. This will strengthen Ghana's energy buffer against global supply shocks.

The board discussed ways to boost revenue through leasing infrastructure and better reserve management. Their goal is to move from cost-recovery operations to sustainable profitability.

A senior staff member described the meeting as “a moment of renewal.” There is optimism about BOST's transition toward a more strategic role in national interests. The new board aims for public enterprises to efficiently deliver services while contributing to national development.

Under this leadership, BOST is expected to lead key energy initiatives. Ghana seeks greater energy self-sufficiency and regional influence moving forward.