No 24-hour economy without reliable fuel supply — BOSTenergies MD
BOST Energies Limited Company (BOSTenergies) has declared its readiness to support the government’s flagship 24-hour economy policy, assuring stakeholders that it possesses the infrastructure and operational systems required to sustain uninterrupted fuel supply across the country.
The assurance was given by the Managing Director of BOSTenergies, Mr Afetsi Awoonor, during the official launch of the 24-Hour Economy Pilot Programme for the petroleum downstream industry in Accra under the auspices of the National Petroleum Authority (NPA).
Mr Awoonor said BOSTenergies remained strategically positioned to power Ghana’s transition to a continuous round-the-clock economy due to its extensive nationwide petroleum storage and distribution network.
According to him, the company’s depots, logistics corridors and integrated value-chain systems had over the years established BOSTenergies as a key pillar in Ghana’s energy infrastructure.
“After more than three decades of service, BOSTenergies remains a critical artery of Ghana’s energy backbone, moving petroleum products from coastal receipt points to inland demand zones safely, efficiently, and reliably,” he stated.
He described President John Dramani Mahama’s 24-hour economy policy as a bold and transformative initiative aimed at maximising productivity and unlocking the country’s economic potential.
Mr Awoonor also commended the Minister for Energy and Green Transition, Mr John Abdulai Jinapor, for efforts to strengthen the energy sector to support the implementation of the policy.
He stressed that no nation could successfully operate a 24-hour economy without a dependable energy supply chain.
“Energy is the lifeblood of the 24-hour economy, and it is the reason BOSTenergies has invested deliberately in storage, transmission, and logistics infrastructure to ensure that fuel is available, accessible, and secure always since its inception,” he said.
The BOSTenergies Managing Director further praised the Chief Executive Officer of the National Petroleum Authority, Mr Edudzi Kudzo Tameklo, for spearheading the downstream industry pilot programme.
He said the initiative demonstrated that the regulator was not only supervising the sector but actively positioning it to drive national productivity and maximise the use of existing infrastructure.
Mr Awoonor noted that collaboration among stakeholders would be crucial to the success of the 24-hour economy agenda within the petroleum downstream sector.
He therefore called for stronger coordination between BOSTenergies, security agencies, customs authorities, regulators and other industry players to ensure that extended-hour operations remained safe, compliant and efficient.
“No single institution can build a 24-hour economy alone. It must be a shared national effort as we seek to optimise our infrastructure, strengthen our productivity, and compete more aggressively in the modern global economy,” he said.
He added that the petroleum downstream sector was the ideal starting point for the policy because fuel remained “the single most essential enabler of economic activity”.
The government’s 24-hour economy policy is expected to encourage businesses and public institutions to operate in shifts around the clock to increase productivity, create jobs and stimulate economic growth.