The Bulk Energy Storage and Transportation Limited (BOST) and its Managing Director, Dr. Edwin Provencal, took center stage at the 8th Ghana Energy Awards, receiving top honors for their significant contributions to Ghana’s petroleum industry.
BOST was named “Company of the Year – Petroleum category,” while Dr. Provencal was awarded the prestigious “CEO of the Year – Petroleum.”
These accolades highlight BOST’s remarkable progress, earning both local and international recognition for its transformation in recent years. At the 2024 Africa Public Sector Conference and Awards (APSCA), BOST was ranked among Africa’s “Top 50 Innovative Public Sector Agencies” for excellence in public service delivery. Additionally, the company was honored as the “Legacy Petroleum Storage Company of the Year 2023” at the Made in Ghana Awards (MIGA).
Dr. Provencal’s leadership has also been widely celebrated. He received the “Transformational CEO of the Year” award at APSCA and the “Distinguished Public Sector CEO of the Year 2023” award at MIGA, reflecting his dedication to public sector innovation.
Under Dr. Provencal’s guidance, BOST has made a remarkable turnaround. Once weighed down by debt, the company has seen a resurgence, achieving a cumulative profit of GHS 710 million over the past three years. In 2023 alone, BOST recorded a profit of GHS 208 million, following gains of GHS 342 million in 2022 and GHS 160 million in 2021. Its equity position also improved significantly, from a negative GHS 248 million in 2021 to a positive GHS 277 million in 2023.
The 8th Ghana Energy Awards, held in Accra under the theme “The Role of Local Content in Building Ghana’s Energy Sector,” celebrated the achievements of individuals, companies, and institutions driving innovation in the energy industry. Since its launch in 2017, the awards—organized by the Energy Media Group (EMG) and supported by the Ministry of Energy and the World Energy Council Ghana—have recognized excellence across 25 competitive categories, including the “Visionary Leadership Award” and “Energy Personality of the Year.”