BOST board promises a transformative phase at inaugural meeting

The Bulk Oil Storage and Transportation Company Limited (BOST) has a new leadership team. The inaugural meeting of the newly formed board took place in Accra. This marks an important step for the state-owned energy logistics firm. BOST aims to drive innovation, transparency, and operational excellence in Ghana’s petroleum sector.

The board is chaired by Professor Saint Kuttu, an expert in energy policy. During their first meeting, they aligned BOST’s goals with national energy priorities. All newly appointed members attended, including CEO Afetsi Awoonor and others.

Professor Kuttu stated, “We are entering a transformative phase in BOST’s journey.” He emphasized the board's commitment to enhancing efficiency and promoting transparency. They aim to position BOST as a key player in Ghana’s energy security.

BOST is vital to Ghana’s petroleum distribution system. It operates six depots and a nationwide pipeline network. This supports the government’s strategy for stable fuel supply and pricing across regions.

BOST manages strategic petroleum reserves and develops storage assets. The company 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. These efforts aim to shift BOST toward sustainable profitability and leadership in the sector.

Internally, staff viewed the meeting as more than just formalities. A senior staff member described it as “a moment of renewal.” There is optimism that BOST is transitioning into a more strategic role for national interests.

The new board envisions public enterprises delivering services efficiently while contributing to national development. Under this leadership, BOST is expected to lead key energy initiatives as Ghana seeks greater self-sufficiency and regional influence.