Business News of Sunday, 17 December 2017
The Chief Executive Officer (CEO) of the Ghana Chamber of Bulk Oil Distributors (CBOD), Mr Senyo Hosi, has been nominated for the African CEO Impact Award (West Africa) for his immense role in the Oil and Gas sector.
A nomination letter, dated October 23, 2017 and signed by Dr. Ken Giami, Publisher/CEO, said “your choice for this important honour is in recognition of your outstanding posturing as one of Africa’s most innovative and developmental thought leaders in the Petroleum Trading & Distribution sector; having contributed to the economic growth of Ghana.”
“Through your unrivalled leadership ingenuity, you have laid the most impactful foundation for the future prosperity of The Ghana Chamber of Bulk Oil Distributors and a key factor in the development of the economies of Africa at large. This patriotism to fatherland is commendable,” the letter continued.
The event, which has been billed to take place on Sunday, December 17, 2017, will be held during the upcoming UK – Africa Trade & Investment Forum in London.
Mr Hosi will also be a Guest Speaker at the event, and would be on the front cover of a special edition of the African Leadership Magazine that will be unveiled at the event.
The magazine, which would be distributed at the event, would capture a detailed coverage of Mr Hosi achievements.
Forum and Awards
The Forum and awards organized by African Leadership LLC, and African Leadership (UK) Limited, on the theme “UK – Africa Relations Post Brexit: Building Trade and Investments Structures for Equitable Partnerships” is aimed at bringing together UK – Africa business leaders, investment bankers, funds managers, senior government officials; key private sector players as well as diplomats to discuss trade and investment priorities for UK – Africa Relations.
According to the organisers “as UK attempts to build a global Britain Post Brexit – one of the world’s most passionate advocates of open, free and fair trade in the world, strengthening trade and investment arrangements with some of the world’s most dynamic economies – especially in Africa would be critical to the future.”
The organisers indicated that UK’s Prime Minister Theresa May announced a new partnership with Africa, focused on supporting trade, investment and growth was not a surprise.
In view of that the UK-Africa Trade and Investment Forum 2017 will highlight the uniqueness of the challenges that have curtailed the free flow and actualization of economic growth in Africa, and especially aim to boost UK -Africa trade.
Former Award Winners
Past outstanding recipients of the African Leadership magazine Awards include, H.E Hifikepunye Pohamba, former President of Namibia; H.E. Jakaya Kikwete, former President of Tanzania; H.E Dr. Ernest Bai Koroma, President of Sierra Leone; H.E. President Ellen Johnson Sirleaf, President of the Republic of Liberia; H. E John Kufuor, former President of Ghana; Dr. Mo Ibrahim, Founder Ibrahim Prize for Leadership; Hon. Xavier Luc-Duval, Vice Prime Minister and Minister of Finance, Republic of Mauritius and Mr. Mohammed Dewji, CEO METL Group, Tanzania, among others.
Biography of Senyo Hosi
Mr Hosi, Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors is credited with developing the Chamber into a major representative, advocacy, and lobby and industry strategy and policy organisation in the Ghanaian and West African downstream petroleum industry.
His advocacy and policy analysis served as the catalyst for key policy decisions including petroleum price deregulation that saved the Ghanaian economy 500 million US Dollars every year in unbudgeted subsidies; the low sulphur policy that introduced cleaner fuels by adopting low sulphur petroleum standards (from 3000ppm to 50ppm); and the development of the conceptual framework and design for the adoption of the Energy Sector Levies Act.
The government of Ghana recently ring-fenced proceeds from the levies as collateral for Ghana’s first energy bonds to address the energy sector’s debt of about 2.5 billion US Dollars. This contribution to the industry provided a remarkable turnaround in Ghana’s economic, financial and energy prospects.
This intervention has further turned around the dwindling commercial fortunes of a hitherto heavily indebted downstream sector.
His outright advocacy backed with solution oriented policy analysis has made him a constant reference for policy proposals by both the public and private sectors. Together with his fine lobbying skills, he has become an industry leader from behind.
Mr Hosi has effectively managed competing interests of 30 oil companies in the Chamber to collectively work towards driving sustainable policies within the industry.
He is a key resource person for major regional downstream platforms like OTL Africa, Argus Media Road Conference, Africa Oil and Gas Summit among others.
He serves on various major public and private boards including the Ministry of Energy’s Ministerial Advisory Board, Ghana Highways Authority, Private Enterprises Federation, NDK Capital and Legacy Bonds Limited.
He holds an MBA in Finance and an MA in Economic Policy Management.