The Bulk Energy Storage and Transportation Limited Company (BOST) held its 2025 Annual General Meeting (AGM) today at its Head Office in Accra. The event gathered top government officials, regulators, and stakeholders to review progress and chart the company’s future direction.
Present at the meeting were the 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 and Audit Service, along with BOST’s Board and Management.
In his keynote, the Energy Minister commended BOST’s leadership, led by Chairman Professor Saint Kuttu and Managing Director Afetsi Awoonor, for significant strides in operational efficiency over the past seven months.
He urged the company to solidify its role in the petroleum downstream sector and align operations with Ghana’s green transition agenda. He stressed that embedding sustainability into core activities would position BOST as a driver of cleaner, resilient energy solutions.
On behalf of SIGA, the Director-General reminded BOST of its obligation to deliver profitability and declare dividends to the state by the close of the 2025 financial year. He pointed to the performance contract with SIGA as a benchmark for cost control, revenue growth, and asset maximisation.
He emphasized accountability to both government and the Ghanaian people, underscoring that every decision must contribute to national development and long-term value.
Board Chairman Professor Saint Kuttu reaffirmed BOST’s central role in safeguarding Ghana’s strategic petroleum reserves. He highlighted the company’s ongoing investments in rehabilitating storage facilities, advancing digital systems, and strengthening governance structures.
The meeting also stressed the importance of positioning BOST as a reliable supplier within the petroleum value chain, capable of meeting the country’s energy demands.
Stakeholders encouraged BOST to remain innovative and proactive, ensuring that its operations not only support national energy security but also contribute to economic growth.
With firm commitments from leadership and oversight from government agencies, BOST reaffirmed its mission to guarantee Ghana’s petroleum reserves while driving transformation in the energy sector.