Afetsi Awoonor (2nd R) and others presenting a dummy cheque to Dr. John Jinapor (2nd L)
BOST Energies Company Limited (BOSTenergies) has paid GH¢34.2 million dividend to government, marking a significant milestone in the company’s journey towards delivering greater value to the state.
This is the first time in the company’s 33 years existence that it has paid dividend to the government, an achievement widely commended by industry players.
The dividend payment reflects the company’s improved financial position and reinforces its commitment to prudent financial management, accountability and sustainable shareholder value creation.
BOSTenergies reported strong financial and operational growth for the 2025 financial year, recording significant increases in revenue, profitability, assets and shareholder equity.
The performance was announced at the Company’s 2026 Annual General Meeting (AGM) held in Accra on Wednesday, where the shareholder, the Board of Directors, Management and other stakeholders reviewed the company’s performance for the 2025 financial year.
The 2025 financial year marked a defining period in BOSTenergies’ transformation, with the company recording substantial growth across key financial indicators.
The company recorded GH¢3.81 billion in revenue, representing a 195% year-on-year growth; GH¢683.96 million in Profit After Tax, reflecting a 72% year-on-year increase.
It also recorded GH¢3.99 billion in total assets, representing 50% growth; GH¢1.47 billion in shareholder equity, more than doubling over the period; and a 28% reduction in administrative expenses, demonstrating the company’s continued focus on cost discipline and operational efficiency.
The 2025 results were driven by the strength of the company’s commercial activities, disciplined financial management and continued focus on operational efficiency.
Beyond the financial results, the performance demonstrated the emergence of stronger and more resilient BOSTenergies, supported by a solid financial foundation to drive continued investment, operational excellence and sustainable growth.
Commenting on the performance, Managing Director of BOSTenergies, Afetsi Awoonor, said 2025 was a defining year for the company.
“We delivered strong financial growth, strengthened our balance sheet and achieved the significant milestone of declaring our first-ever dividend to the Government of Ghana,” he stated.
He said these achievements “demonstrate what is possible when we combine commercial discipline, prudent financial management and operational efficiency.”
Looking ahead, BOSTenergies will remain focused on strengthening its operations, driving efficiency, building resilience and creating lasting value for its shareholder and stakeholders.
“The company will continue to leverage its strategic infrastructure, commercial capabilities and evolving energy portfolio to support Ghana’s energy security, while positioning itself to respond effectively to the changing energy landscape,” he said.
Mr. Awoonor reaffirmed the company’s commitment to sustainable growth and its critical role in Ghana’s downstream energy sector.
“As we look ahead, our focus remains clear: strengthening our operations, driving efficiency, building resilience and creating lasting value.
“We will continue to play our part in ensuring Ghana’s energy security while positioning BOSTenergies for sustainable growth and long-term relevance,” he added.
On his part, the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, praised the board, management and staff of BOSTenergies for delivering a “masterclass performance” in their financial growth and profitability, operational efficiency and portfolio growth of almost threefold.
The minister pledged his unflinching support to the board and management, and charged them to remain steadfast and build on the achievements attained.
The Director General of State Interests and Governance Authority (SIGA), Prof. Michael Kpessa Whyte, welcomed the positive turnaround at BOSTenergies and urged the board and management to remain on track to achieve bigger growth as well as deliver value to government.
BY Gibril Abdul Razak