Bulk Energy Storage and Transportation Limited Company (BOST) has successfully cleared 100% of its trade debt and loan obligations, amounting to over GHS 384 million.

Announcing the achievement at a media briefing in Accra on Wednesday, Managing Director Dr Edwin Provencal highlighted this as a major step in BOST’s journey to financial stability and operational excellence.

He noted that alongside debt repayment, BOST resolved long-standing tax arrears and completed audits covering 2015 to 2023.

He attributed the financial turnaround to robust corporate governance and operational discipline, positioning BOST as a model for Ghanaian state-owned enterprises.

In addition to its financial recovery, BOST has implemented key infrastructure projects, including the Tema to Akosombo Petroleum Pipeline (TAPP) and the Bolga to Buipe Pipeline, both now fitted with leak detection systems to secure Ghana’s fuel infrastructure.

“Achieving this level of debt repayment while enhancing operational capabilities is a testament to our commitment to financial transparency and growth,” Dr Provencal emphasised.

Through these initiatives, BOST’s revenue-generating assets have surged from 18% in 2017 to 98% as of November 6, signalling a path toward sustainability and improved energy solutions for Ghana.