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BOST initiates major depot upgrades to improve operational efficiency

BOST clears debt of GH¢384 million

By Gloria Anderson

The Managing Director of Bulk Energy Storage and Transportation Company Limited (BOST), Dr. Edwin Alfred Provencal, has revealed that BOST is expected to complete Phase 1 of the Accra Plains and Kumasi depots project. 

He emphasised that the upgrades, along with broader network improvements, aimed to create a more resilient and responsive oil supply chain in Ghana.

“This upgrade is not just about improving our infrastructure but about setting a new standard for operational excellence across our sector,” he said.

Dr. Provencal made the disclosure at the Minister’s Press Briefing in Accra Today.

He noted that the company’s dedication to enhancing Ghana’s fuel infrastructure will reach a major milestone with these improvements.

Dr. Provencal stressed that the upgrades are a crucial step toward achieving the company’s long-term vision and also boost operational efficiency.

“We believe this will enhance our capacity to meet Ghana’s fuel demands efficiently and sustainably,” he stated.

He stated that the upgrades represent a strategic shift for BOST as it moves from traditional oil storage and transportation toward a broader energy storage model that includes cleaner and more sustainable energy sources, such as solar and Compressed Natural Gas (CNG). 

“This shift aligns with BOST’s rebranding from Bulk Oil Storage and Transportation to Bulk Energy Storage and Transportation,” he said.

He reiterated that the completion of Phase 1 is expected to reduce inter-depot loading times from four hours to one hour and 30 minutes, while barge loading times have been cut from seven days to just one. 

Dr. Provencal emphasised that these improvements would have a direct impact on service delivery and customer satisfaction, strengthening BOST’s reputation as one of Ghana’s leading state-owned enterprises.

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