The two state-owned organizations decided to form a combined technical team to evaluate BOST's operating capability and look into potential new avenues for efficiency and expansion during a high-level meeting in Accra. The partnership is anticipated to maximize the movement of petroleum products from Ghana to Burkina Faso by utilizing important infrastructure, including as the Blue Ocean Terminal in Tema, which was recently acquired by SONABHY, and BOST's Bolgatanga Depot.
Citing Ghana's position as a regional energy hub, BOST's managing director, Mr. Afetsi Awoonor, reiterated the company's willingness to assist SONABHY in fulfilling its energy needs. In order to improve petroleum commerce and guarantee a more robust supply chain within the sub-region, BOST is still dedicated to strengthening its partnership with SONABHY, Mr. Awoonor said. "A more effective fuel distribution network will be made possible by the strategic use of our pipelines, river barges, the Bolgatanga Depot, and the Blue Ocean Terminal, which will benefit both countries," he continued.
He clarified that there are substantial strategic and economic advantages to BOST and SONABHY's renewed cooperation, adding that the alliance seeks to lower operating costs and minimize fuel shortages in Burkina Faso by optimizing petroleum logistics and enhancing supply chain effectiveness. The head of BOST added that Ghana's standing as a major participant in the West African energy market might be strengthened by higher electricity exports.
He clarified that there are substantial strategic and economic advantages to BOST and SONABHY's renewed cooperation, adding that the alliance seeks to lower operating costs and minimize fuel shortages in Burkina Faso by optimizing petroleum logistics and enhancing supply chain effectiveness. The head of BOST added that Ghana's standing as a major participant in the West African energy market might be strengthened by higher electricity exports.
Mr. Wendpanga Aimé, the managing director of SONABHY, emphasized the value of the reestablished collaboration while highlighting the operational and financial prowess of his organization. "SONABHY is in a strong position to invest in long-term trade agreements with BOST, thanks to its capital base of 20 billion CFA Francs. For Burkina Faso to have a reliable and affordable petroleum supply, this relationship is essential," Mr. Aimé said.
The collaboration emphasized Ghana and Burkina Faso's increasing energy-related dependency, supporting the larger goal of regional economic integration and security.
In order to alleviate its power shortage, Burkina Faso has also urged Ghana to export more electricity in addition to petroleum. Yacouba Zabré Gouba, the Energy Minister of Burkina Faso, visited GRIDCo's Navrongo substation and BOST's Bolgatanga Depot as part of the engagement, escorted by SONABHY representatives and executives from the nation's power company.
Citing the need for dependable electricity to assist economic growth, the Burkina Faso delegation encouraged Ghana to think about expanding power supply to their grid. To further improve energy relations between the two countries, the Ministry of Energy is anticipated to assess the viability of extending electricity transmission to Burkina Faso in cooperation with BOST and GRIDCo.