The Bulk Energy Storage and Transportation Limited Company (BOST) has officially rebranded to BOST Energies, signalling a new phase in the company’s operations as it aligns itself with Ghana’s energy transition agenda.
The announcement was made during BOST’s 2025 Annual General Meeting (AGM), held at the company’s head office in Accra. The meeting brought together key stakeholders, including 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, and representatives from the Ministry of Finance, Ghana Audit Service, and BOST’s Board and management.
Delivering the keynote address, the Minister for Energy and Green Transition commended the leadership of BOST for its performance over the past seven months. He praised the Board of Directors, chaired by Professor Saint Kuttu, and the Managing Director, Mr. Afetsi Awoonor, for efforts to improve operational efficiency.
“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.
He urged BOST to strategically position itself as a major supplier in the downstream petroleum sector and to drive innovation and investments that support the government’s green agenda.
Speaking on behalf of SIGA, the Director-General stressed that BOST must become profitable and deliver dividends to the Government of Ghana by the end of the 2025 financial year. He also referred to the 2025 performance contract between SIGA and BOST, which focuses on 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 said.
In his address, Board Chairman Professor Saint Kuttu reiterated the company’s mandate to secure Ghana’s strategic petroleum reserves and ensure strong infrastructure for storage and transportation.
“Good governance remains the bedrock of our performance. The Board has strengthened its governance structures, improved oversight, and ensured accountability in all facets of the organisation,” he stated.
The AGM also adopted the company’s 2024 audited financial statements. A key highlight was the shareholder’s approval to rename the company from Bulk Energy Storage and Transportation Limited Company to BOST Energies.
This rebranding, according to the statement, marks a “new era” for the company as it expands its focus to include “sustainable and cleaner operations.” The new identity is aligned with the Government of Ghana’s National Energy Transition Framework and demonstrates BOST’s commitment to supporting national and regional sustainability goals.
“With this new identity, BOST Energies will continue this legacy while expanding its focus to include sustainable and cleaner operations,” the statement added.
BOST Energies remains Ghana’s key strategic energy infrastructure company, responsible for managing national fuel reserves, overseeing a network of pipelines and depots, and ensuring the reliable distribution of petroleum products across the country.
