The Bulk Energy Storage and Transportation Limited (BOST) has successfully cleared 100% of its trade debt and loan obligations, totaling more than GHS 384 million, marking a major financial milestone for the company.During a media briefing in Accra on November 6, the Managing Director, Dr.
Edwin Provencal, outlined the significant transformations the company has undergone, including the resolution of long-standing tax arrears and the completion of audited financial statements covering the period from 2015 to 2023.Strategic Projects Drive Revenue GrowthIn addition to settling its debts, Dr.
Provencal emphasized that BOST has implemented a series of strategic initiatives to increase revenue.Among these are the completion of vital infrastructure projects, such as the Tema to Akosombo Petroleum Pipeline (TAPP) and the Bolga to Buipe Pipeline.
These projects, now equipped with advanced leak detection systems, play a crucial role in safeguarding Ghana's fuel infrastructure.Dr.