Business
New BOST MD pledges to strengthen company, enhance collaboration

Published
3 months agoon
The Bulk Oil Storage and Transportation Company Limited (BOST) has welcomed Afetsi Awoonor, a veteran energy sector executive with extensive Sub-Saharan trading experience, as its seventh Managing Director.
The appointment, announced by President John Dramani Mahama’s administration, took effect on Monday, is expected to deliver a strategic shift at one of West Africa’s key oil infrastructure companies.
The transition was formalised during a handover ceremony at BOST’s Head Office in Accra, where outgoing MD, Dr Edwin Provencal, ceremonially transferred leadership responsibilities to his successor in what officials described as “an exemplary display of corporate governance practice.” During the handover ceremony, Mr Awoonor expressed his heartfelt gratitude to Dr Provencal for his dedicated service and impactful leadership.
“I want to express my deepest gratitude to Dr Provencal for his exceptional leadership. Under his guidance, BOST has grown to new heights, and I am honoured to carry the torch forward. My focus will be on further strength
ening the company and fostering an environment of collaboration, innovation, and excellence as we drive the next phase of growth and success for BOST and the nation,” Mr Awoonor added.
The new MD further stated that his immediate focus is on internal stakeholder engagement, with plans to directly engage with team members, as he highlighted his commitment to fostering a collaborative, congenial, high-performing work environment.
The occasion was described as “both a reflection of BOST’s solid governance framework and a celebration of a promising new chapter for one of Ghana’s most critical institutions in the energy sector.”
The BOST Senior Staff Union, through its leadership, pledged their “full support and cooperation to Mr Awoonor and his leadership team as we work together to achieve the company’s strategic objectives.”
The union again noted that the appointment “demonstrates the President’s commitment to selecting highly qualified individuals to lead key institutions” in the country.
Similarly, the Ketu North arm of the National Democratic Congress (NDC), in their congratulatory message, noted that “this critical designation is a testament to his unwavering dedication, loyalty, and exceptional competence.”
Mr Awoonor brings nearly a decade of experience in the African oil and gas sector, most recently serving as Senior Partner at DOC Africa and Regional Head of Sales and Marketing at Convenio Energy, where he oversaw hydrocarbon trading operations across the Southern African Development Community (SADC) region.
His appointment marks a return to BOST, where he previously served as Manager of Government Relations from September 2016 to April 2017.
Mr Awoonor’s educational background includes an Executive Master’s in International Oil & Gas Leadership from the Geneva Graduate Institute and a Master’s degree in Oil and Gas Management from IFP School, both completed in 2015. This technical expertise is complemented by his extensive practical experience in hydrocarbon trading and business development across sub-Saharan Africa.
Beyond his corporate role, Mr Awoonor has demonstrated commitment to social development through the Afetsi Awoonor Foundation, established in 2023 to support human resource development in local communities, with particular focus on youth and women empowerment through training, mentorship, and entrepreneurship initiatives.
Mr Awoonor’s previous role at Convenio Energy, where he managed relationships with refineries, National and International oil companies (NOC/IOC), bulk distributors, oil marketers, importers/exporters, public and private sector companies, is expected to aid in his current capacity.

All is set for the presentation of Ghana’s budget statement and economic policy by the Finance Minister, Cassiel Ato Forson to Parliament today.
This would be the new government’s maiden budget since ascending to the throne in January.
Ghanaians are highly optimistic that the budget would go a long way to cushion people.
They are expecting that the National Democratic Congress (NDC) government will keep it promise and remove the E-levy, Betting Tax, and COVID-19 levy among other tax cuts.
Additional, it is expected that some measures will be introduced to stabilise the local currency and some prudent ways to ensure food security to reduce food inflation.
Ahead of that the Finance Minister has organised national economic dialogue, engageg over 60,000 youths on X, and market women among others to seek their views.
By Edem Mensah-Tsotorme
Business
New BoG building: $230m paid to contractor, $31.8m outstanding – Dr Asiama

Published
1 month agoon
March 5, 2025
The new Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has revealed that the state under the previous Nana Akufo-Addo administration has paid $230 million to the contractor working on the new BoG building project, with an outstanding balance of $31.8 million still owed to the construction firm.
He disclosed that the total cost of the project has risen to $261.8 million, with the payments to the contractor being made as recently as February this year.
“As of February this year, a total of approximately $230 million has been paid towards the project, with an outstanding balance of $31.8 million still due to the contractor,” he stated in parliament on Wednesday, March 5.
Dr Asiama also noted that an additional $48.3 million has been paid in taxes and levies associated with the construction of the building.
In addition to the main building, Dr Asiama explained that several other facilities were part of the project, including an Integrated Communication and Computing (ICC) system and Network Infrastructure, which cost $8.6 million.
Other expenditures included integrated electronic security systems at $15.8 million and furniture and furnishings, which amounted to $11.1 million.
He emphasised that these investments are aimed at ensuring the Bank of Ghana operates in a secure and technologically advanced environment, in line with the needs of a modern central bank.
In November 2024, former President Nana Akufo-Addo officially inaugurated the facility to serve as the new headquarters of BoG.
The state-of-the-art facility designed to symbolise financial strength and modernity is situated in the heart of the national capital.
The new facility marked a historic milestone in the evolution of the country’s central bank, which has been a pillar of the nation’s economic independence since its establishment in 1957.
Source: Myjoyonline.com
Business
Charterhouse announces the Business Elevate Series with launch of ‘The Gastro Feastival’

Published
1 month agoon
March 5, 2025
Charterhouse, Ghana’s leading event management and audiovisual production company, is marking its 25th anniversary of delivering top-tier events with the introduction of an exciting new initiative: The Business Elevate Series.
This innovative series is designed to shine a spotlight on key economic sectors through a series of dynamic B2B and B2C events, including industry conferences, seminars, and exhibitions.
Kicking off the series is The Gastro Feastival, a groundbreaking annual food industry festival that will showcase Ghana’s rich and diverse food ecosystem and agribusinesses from production to consumption.
The launch event will take place on Friday, March 7, 2025, from 4:00 PM to 6:00 PM at the Grand Arena (Accra International Conference Centre).
This landmark event will bring together food industry stakeholders, enthusiasts, experts, and organizations to highlight the food industry’s critical role in Ghana’s socio-economic development and culture.
It will also promote food security, digital innovation, women’s empowerment, youth employment in agribusiness, and sustainable practices.
The Business Elevate Series is a game-changing initiative designed to foster growth and transformation across multiple sectors. With Charterhouse’s deep expertise in organizing impactful meetings, the series aims to unlock investment opportunities, drive innovation, and catalyze social and economic change.
The Gastro Feastival will address six major pillars that drive industry transformation: Investment Opportunities; Job Creation; Innovation, Technology, and Digitization; Youth Involvement (entrepreneurship and career opportunities); Women’s Involvement; Environmental and Social Governance (ESG); Export Opportunities
The event will also establish a Resource Bank, spotlighting key growth opportunities and ensuring the effective allocation of resources to transform Ghana’s food industry.
The Gastro Feastival is a Charterhouse initiative, with Kosmos Innovation Centre as the technical partner.

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