BOSTenergies Limited Company has confirmed its readiness to fully support the Government’s 24-Hour Economy policy. The company stated its robust infrastructure and operational capacity are sufficient for Ghana's transition to continuous economic activity.
Mr. Afetsi Awoonor, BOSTenergies Managing Director, gave this assurance at the official launch of the 24-Hour Economy Pilot Programme for the Petroleum Downstream Industry in Accra. The National Petroleum Authority (NPA) organized the event. Mr. Awoonor emphasized that BOSTenergies’ existing depots, integrated value-chain connections, and logistics corridors provide a solid foundation for round-the-clock fuel distribution across Ghana.
This initiative aligns with a broader national economic policy aimed at maximizing productivity. President John Dramani Mahama’s 24-Hour Economy vision seeks to unlock Ghana's economic potential through extended operational hours. Reliable energy supply is a cornerstone for such an ambitious plan. Prior macroeconomic challenges, including high fuel prices and supply chain disruptions, have underscored the need for stable energy infrastructure. The Bank of Ghana's recent monetary policy statements have also highlighted the importance of sectoral productivity improvements for economic stability.
Mr. Awoonor stressed that no nation can successfully operate a 24-hour economy without a 24-hour, reliable energy backbone. He highlighted energy as the lifeblood of this new economic model. BOSTenergies has invested deliberately in storage, transmission, and logistics infrastructure since its inception. This ensures fuel is always available, accessible, and secure.
The successful implementation of the 24-Hour Programme in the downstream sector relies heavily on partnership. Mr. Awoonor called for close collaboration with security agencies, customs authorities, and other regulators. This will ensure extended operations remain safe, coordinated, compliant, and efficient. Decision-makers and market participants will closely watch the pilot program's outcomes. A successful rollout could significantly boost productivity and create new job opportunities within the energy sector. This could also lead to increased tax revenues for the government. The Bank of Ghana will monitor energy supply stability as a key indicator of economic resilience.
The Minister for Energy and Green Transition, Mr. John Abdulai Jinapor, has committed to strengthening the energy sector to support the policy. This government commitment is crucial for investor confidence. Mr. Edudzi Kudzo Tameklo Esq, CEO of NPA, was also praised for the Authority’s active role in unlocking the promise of the 24-hour programme. This collaborative approach indicates a national effort to optimize existing assets and compete more aggressively in the global economy. All stakeholders must work together to adapt to the new operational demands.