The Minister for Energy and Green Transition, John Jinapor, has challenged the Bulk Energy Storage and Transportation Company now rebranded as BOST Energies to accelerate innovation and investments in line with Ghana’s green transition agenda.
Speaking at the company’s 2025 Annual General Meeting, AGM, Mr. Jinapor said integrating sustainability into BOST’s core operations would enable it to play a leading role in building a cleaner and more resilient energy future for the country.
“By integrating sustainability into its core business, BOST can lead the way in building a cleaner and more resilient energy future for Ghana.” Mr. Jinapor added.
At the AGM, the State Interests and Governance Authority, SIGA reinforced this call, urging BOST Energies to achieve profitability and declare dividends to the government by the close of the 2025 financial year.
SIGA noted that under the performance contract signed with the company, it expects measurable progress in cost optimization, revenue generation, and asset maximization.
SIGA stressed that every decision taken by the Board and Management must be justified through BOST’s contribution to national development and value creation for Ghanaians.
Board Chairman, Professor Saint Kuttu, reaffirmed BOST’s mandate of guaranteeing Ghana’s strategic petroleum reserves while ensuring adequate storage and transportation infrastructure. He outlined the company’s ongoing investments in infrastructure rehabilitation, digitalization and improved governance systems.
He remarked that “good governance remains the bedrock of our performance, and the Board has strengthened its governance structures, improved oversight, and ensured accountability in all facets of the organization.”
The AGM also adopted the audited financial statements for 2024 and approved the company’s change of name from Bulk Energy Storage and Transportation Company to BOST Energies, a rebranding move signaling a new era as the enterprise aligns with Ghana’s energy transition objectives.