BOST Holds 2025 AGM, Tasked to Deliver Profitability and Support Green Transition
The Bulk Energy Storage and Transportation Limited Company (BOST) on Wednesday, August 27, 2025, held its Annual General Meeting (AGM) at its Head Office in Accra, bringing together key stakeholders in Ghana’s energy sector.
In attendance were the Minister for Energy and Green Transition, the Director-General of the State Interests and Governance Authority (SIGA), the Chief Executive of the National Petroleum Authority (NPA), representatives from the Ministry of Finance, the Ghana Audit Service, members of BOST’s Board of Directors, and the company’s management.
Minister commends progress, calls for green integration
Delivering the keynote address, the Minister for Energy and Green Transition commended the board, led by Chairman Professor Saint Kuttu, and management, under the leadership of Managing Director Afetsi Awoonor, for the strides made over the past seven months in improving the operational efficiency of the company.
He urged BOST to strengthen its position within the petroleum downstream value chain to become a major supplier in the industry, while aligning with the government’s green transition agenda.
“By integrating sustainability into its core business, BOST can lead the way in building a cleaner and more resilient energy future for Ghana,” the Minister said.
SIGA pushes for profitability and dividends
Speaking on behalf of SIGA, the Director-General stressed the importance of BOST delivering profitability and declaring dividends to the Government of Ghana by the close of the 2025 financial year.
On the 2025 performance contract signed between SIGA and BOST, he noted that SIGA expects measurable improvements 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,” he emphasised.
Board reiterates commitment to mandate
Board Chairman Professor Saint Kuttu reaffirmed BOST’s mandate to safeguard Ghana’s strategic petroleum reserves while ensuring adequate storage and transportation infrastructure.
He highlighted ongoing investments in infrastructure rehabilitation, digitalisation, and strengthened corporate governance at the board level as critical enablers of BOST’s long-term sustainability.
