The Minister of Public Enterprises, Mr Joseph Cudjoe highlighted the expectation for BOST to continue on this path towards paying dividends to the government, aligning with President Nana Addo Dankwa Akufo-Addo’s vision.

He acknowledged BOST’s significant role in the G4O programme, which addresses exchange rate pressures and inflation.

Deputy Minister of Energy, Herbert Krapa, praised BOST’s achievements, noting that it positions the company to pay dividends to the government shortly.

He stressed the impact of BOST on stabilizing petroleum product prices and curbing inflation through the G4O programme.

Challenges and Opportunities

Mr John Boadu, Director-General of the State Interest and Governance Authority (SIGA), acknowledged the challenges but emphasized the potential for further improvement and growth.

He pointed out that alignment of interests between the Board of Directors, government, and management is crucial for continued success.

Strategic Vision

BOST’s Managing Director, Dr Edwin Provencal, expressed optimism about the future, stating, “With our strategy, we are ready to embrace the great opportunities that lie ahead, and we are committed to continue delivering value for all our stakeholders.”

“As BOST continues to navigate the complexities of the oil and energy sector, its strategic initiatives and robust management practices position it for sustained growth and significant contributions to Ghana’s economy,” he noted.