BOST has cleared over GHC384m debt – MD

Bulk Energy Storage and Transportation Limited (BOST) has fully settled over GHS 384 million in trade debt and loans, signaling a financial breakthrough for the company.

At a November 6 briefing, Managing Director Dr. Edwin Provencal discussed BOST's debt clearance and other financial improvements, including resolving tax arrears and completing audits from 2015 to 2023.

Strategic projects like the Tema to Akosombo Petroleum Pipeline (TAPP) and the Bolga to Buipe Pipeline, with leak detection systems, have bolstered revenue growth and infrastructure reliability.

BOST’s revenue-earning assets surged from 18% in 2017 to 98% in 2024, underscoring improved financial and operational efficiency, which Dr. Provencal attributed to strong governance and disciplined management.