BOST Rebrands as ‘BOST Energies,’ Pledges Innovation and Profitability at 2025 AGM

The Bulk Energy Storage and Transportation Limited Company (BOST) has officially rebranded as BOST Energies, marking a new chapter in its transformation agenda. The announcement was made at the company’s 2025 Annual General Meeting (AGM), held on August 27 at its Head Office in Accra.

The AGM convened key stakeholders, including 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, as well as representatives from the Ministry of Finance, the Ghana Audit Service, the BOST Board, and management.

Delivering the keynote address, the Minister for Energy and Green Transition John Jinapor, commended the BOST leadership for “the excellent work they have done over the past seven months” to enhance operational efficiency. He urged the company to position itself more strategically within Ghana’s petroleum downstream value chain, emphasising that it must become “a major supplier to the industry.”

Crucially, the Minister challenged BOST Energies to integrate sustainability into its core operations in line with the government’s green transition policy. “By integrating sustainability into its core business, BOST can lead the way in building a cleaner and more resilient energy future for Ghana,” he said.

Representing SIGA, the Director-General Prof. Michael Kpessa-Whyte underscored that profitability and dividend payments to government were non-negotiable goals for the 2025 financial year. He called for measurable improvements in cost optimisation, revenue growth, and asset utilisation.

“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 stressed.

Board Chairman, Professor Saint Kuttu, reaffirmed BOST Energies’ commitment to its national mandate of guaranteeing Ghana’s strategic petroleum reserves while expanding and modernizing its storage and transportation infrastructure. He cited ongoing investments in infrastructure rehabilitation, governance reforms, and digitization as evidence of the company’s determination to deliver.

Managing Director Afetsi Awoonor added that the rebrand to BOST Energies signals a bold strategic shift to align with global energy trends, diversify operations, and build resilience.

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