A growing crisis is unfolding rapidly at the Bulk Oil Storage and Transportation Company (BOST), Ghana’s strategic fuel reservist, as the institution teeters on the edge of total collapse under its current leadership.
Over the years, some of us have been following activities of BOST keenly and the reset agenda of President John Dramani Mahama should not be allowed to fail.
Multiple sources within the company reveal that the Managing Director Mr. Afetsi Awoonor’s disastrous leadership has plunged BOST into its worst operational crisis ever.
Rather than stabilizing this critical national asset, Mr. Awoonor’s tenure has been marked by:
- Catastrophic leadership failures creating institutional paralysis.
- Rapidly deteriorating operational capacity which threatens fuel security.
- Induced toxic working environment with plummeting staff morale and performance.
- Complete absence of strategic direction and vision to steer the operations of the company.
Connoisseurs and analysts of the petroleum downstream industry warn that BOST’s current trajectory mirrors the collapse of other state entities with potentially devastating consequences for Ghana’s energy sector.
Unlike other institutions in the energy sector like GNPC which faced similar situation and with the change of baton in the leadership, it’s beginning to progress on the right path.
Recently, the Chief Executive Officer of the Chamber of Oil Marketing Companies, Dr. Riverson Oppong, has issued a stark warning about Ghana’s dangerously low state-owned fuel reserves.
According to Dr. Riverson, the Bulk Oil Storage and Transportation Company (BOST) may have less than a week’s supply of fuel, a situation he described as “terrifying.”
Dr. Riverson pointed specifically to delays in securing LECAN clearance ( an official authorisation from the National Petroleum Authority that allows vessels to dock and offload fuel).
This current crisis obviously requires the intervention of government. Every moment of inaction brings BOST closer to an irreversible damage.
Ghana cannot afford to lose this strategic institution due to the glaring incompetence of the MD of BOST.
Furthermore, the Executive Director of the Chamber of Petroleum Consumers (COPEC), Mr. Duncan Amoah, has also sounded the alarm that “BOST is failing in its core mandate. If we don’t act now, Ghanaians will pay the price at the pumps.”
A timely intervention is therefore needed to reverse this downward trends of BOST before Ghana faces collapse of a viable state institution with its attendant consequences.
Thank you,
SIGNED
Mr. Joseph Adjei Mensah
Former NDC Constituency Chairman of Ledzokuku
June 17, 2025
