{"id":247184,"date":"2024-11-07T09:47:37","date_gmt":"2024-11-07T09:47:37","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/07\/bost-clears-gh%c2%a2384-million-trade-debt-and-loan-obligations\/"},"modified":"2024-11-07T09:47:37","modified_gmt":"2024-11-07T09:47:37","slug":"bost-clears-gh%c2%a2384-million-trade-debt-and-loan-obligations","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/07\/bost-clears-gh%c2%a2384-million-trade-debt-and-loan-obligations\/","title":{"rendered":"BOST clears GH\u00a2384 million trade debt and loan obligations"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/752\/75204157.295.jpg\" alt=\"Dr. Edwin Provencal, Managing Director of BOST\" title=\"Dr. Edwin Provencal, Managing Director of BOST\" width=\"295\" height=\"168\" \/> <span class=\"image_caption\"><span>Dr. Edwin Provencal, Managing Director of BOST<\/span><\/span><\/p>\n<\/div>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">The Bulk Energy Storage and Transportation Limited Company (BOST) has announced that it has successfully cleared 100 percent of its trade debt and loan obligations, totaling over GH\u00a2384 million, and has increased its revenue-earning assets from 18 percent in 2017 to 98 percent in 2024.<\/p>\n<p>The Managing Director of the company, Dr. Edwin Alfred Provencal, stated that BOST has seen an increase in revenue from GH\u00a222.7 billion from 2019 to 2023 to a total of GH\u00a2881 million over the period.<\/p>\n<p>Dr. Provencal, speaking at the Minister\u2019s Press Briefing on November 6, 2024, attributed these achievements to the prudent governance system and efficient operational practices introduced by the Board and Management of BOST over the past four years.<\/p>\n<p>\u201cBOST is on a path to sustainability, not just in finances but in energy solutions for Ghana,\u201d Dr. Provencal added.<\/p>\n<p>The BOST MD also announced the completion of critical projects like the Tema to Akosombo Petroleum Pipeline (TAPP) and the Bolga to Buipe Pipeline, which now operate with leak detection systems to secure Ghana\u2019s fuel infrastructure.<\/p>\n<p>He believes that the completion of these projects will help BOST in curbing the illegal siphoning of fuel from its pipelines and improving petroleum security.<\/p>\n<p>MA<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dr. Edwin Provencal, Managing Director of BOST The Bulk Energy Storage and Transportation Limited Company (BOST) has announced that it has successfully cleared 100 percent of its trade debt and loan obligations, totaling over GH\u00a2384 million, and has increased its revenue-earning assets from 18 percent in 2017 to 98 percent in 2024. The Managing Director [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":247185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-247184","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BOST clears GH\u00a2384 million trade debt and loan obligations - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/07\/bost-clears-gh\u00a2384-million-trade-debt-and-loan-obligations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BOST clears GH\u00a2384 million trade debt and loan obligations - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Dr. Edwin Provencal, Managing Director of BOST The Bulk Energy Storage and Transportation Limited Company (BOST) has announced that it has successfully cleared 100 percent of its trade debt and loan obligations, totaling over GH\u00a2384 million, and has increased its revenue-earning assets from 18 percent in 2017 to 98 percent in 2024. 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