Keypoints:
- BOST grows fuel storage and pipelines
- Gold-for-Oil boosts fuel security
- Cross-border deal with Burkina Faso
GHANA’S energy landscape is undergoing a strategic transformation, and the Bulk Oil Storage and Transportation Company (BOST) is at the centre of the action. At the upcoming Invest in African Energies: Accra Investor Briefing, BOST Managing Director Afetsi Awoonor will highlight the company’s expanding role in securing Ghana’s oil and gas value chain.
Set to take place on April 14 at the Kempinski Hotel in Accra, the event serves as a curtain-raiser for the African Energy Week (AEW): Invest in African Energies conference this September. It offers insight into investment-ready projects and opens the door for partnerships that can strengthen energy infrastructure and fuel security across Ghana.
Scaling storage and infrastructure
BOST’s core mandate is to maintain Ghana’s strategic fuel reserves and strengthen the country’s petroleum logistics. Currently, the company manages a national storage capacity of 415,000 cubic metres. Major depots include Accra Plains (215,000), Kumasi (87,000), Buipe (50,000), Bolgatanga (46,500), Akosombo (12,000), and Mami Water (17,000).
Beyond storage, BOST is expanding its transportation network. Pipelines now connect the Tema Oil Refinery to Accra Plains and an 8-inch multi-product pipeline links the Trafigura mooring buoy to Accra Plains. These developments are boosting domestic distribution and building resilience into the supply chain.
Fuelling trade with gold and neighbours
A major innovation under BOST’s remit is the Gold-for-Oil initiative. This government-backed programme allows Ghana to pay for petroleum imports using gold—leveraging the country’s growing reserves, which increased from 19.5 tonnes in 2023 to 30.5 tonnes in 2024. The initiative aims to enhance fuel security by reducing foreign exchange pressure and ensuring steady supply.
BOST is also playing a key role in regional energy trade. In March 2025, the company renewed its agreement with Burkina Faso’s National Hydrocarbons Company (SONABHY) to facilitate cross-border petroleum movement. Ghana’s infrastructure—including pipelines, road tankers, and river transport—is being utilised to supply fuel to Burkina Faso.
To support this initiative, a joint technical team is evaluating BOST’s logistical capabilities. This partnership is expected to eliminate supply chain bottlenecks and foster deeper regional integration.
Driving national energy security
NJ Ayuk, Executive Chairman of the African Energy Chamber, emphasised BOST’s importance in achieving continental energy goals. ‘To make energy pov
erty his
tory by 2030, African countries must scale up domestic storage and distribution. Companies like BOST are leading that charge in Ghana,’ he said.
With 17 new oil and gas projects expected in Ghana by 2027, BOST’s expanding footprint in storage, logistics and trade will ensure local communities benefit from upstream investment.
Investor briefing to shape future deals
The Invest in African Energies: Accra Investor Briefing aims to provide actionable insights into Ghana’s energy sector. Covering upstream, downstream, and infrastructure development, the event supports informed investment decisions. It also sets the stage for deeper engagement at AEW 2025, scheduled for September 29 to October 3 in Cape Town.
Ghana is positioning itself as a reliable hub in West Africa’s energy chain. With BOST upgrading its facilities and partnering across borders, the country is laying strong foundations for long-term fuel security and industrial growth.
