The Bulk Oil Storage and Transportation (BOST) Company has announced plans to transform its Takoradi depot into a key piece of national infrastructure.
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This was revealed during a briefing session with Parliament’s Select Committee on Energy, where BOST shared its 2025 work plans, strategic goals, and ongoing operational challenges.
Committee Chairman and Ho West MP, Emmanuel Kwasi Bedzrah, said the engagement was part of Parliament’s oversight mandate for agencies under the Ministry of Energy and Green Transition.
BOST’s Managing Director, Afetsi Awoonor, noted that his team will continue existing projects initiated by the previous administration. Chief among them is the revitalization of the Akosombo depot and the strategic development of the Takoradi depot to boost national energy logistics.
Mr. Awoonor also outlined several strategic goals for the year:
- Expanding BOST’s export market
- Establishing a working partnership with the Tema Oil Refinery (TOR)
- Running 24-hour operations across all major depots, in line with government policy
- However, BOST also faces key operational hurdles, including:
- The suspension of the Gold-for-Oil policy
- Low levels of strategic fuel stock
- Inadequate laycans (slots for oil loading/unloading)
- Forex-related losses
- Concerns over current BOST margin levels
Despite the challenges, management reaffirmed its commitment to improving fuel security and supporting Ghana’s energy infrastructure through sustained development and strategic partnerships.
