The Bulk Energy Storage and Transportation Limited Company (BOST) has held its 2025 Annual General Meeting (AGM) at its Head Office in Accra, bringing together key stakeholders in the energy sector.

The meeting was attended by 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, representatives from the Ministry of Finance and the Ghana Audit Service, as well as BOST’s Board and management.

In his keynote address, the Minister for Energy and Green Transition commended the Board of Directors, chaired by Professor Saint Kuttu, and the Managing Director, Mr. Afetsi Awoonor, for what he described as “excellent progress” in improving the operational efficiency of the company over the past seven months.

He encouraged BOST to strengthen its position in the petroleum downstream sector and to invest in innovation aligned 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,” he said.

Representing SIGA, the Director-General emphasised the need for BOST to achieve profitability and pay dividends to the Government of Ghana by the close of the 2025 financial year.

He noted that the performance contract between SIGA and BOST requires measurable progress 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 stressed.

Board Chairman Professor Kuttu reaffirmed BOST’s commitment to its mandate of safeguarding Ghana’s strategic petroleum reserves while ensuring the provision of adequate storage and transportation infrastructure.

He also highlighted ongoing investments in infrastructure rehabilitation, digitalisation, and stronger governance systems at the board level.