Senyo Hosi, the founding CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), will step down at the end of July 2022.
For the past ten years, Hosi has been able to guide his hardworking team to establish the Chamber as one of Ghana’s leading centres for industry-based research and policy advocacy. Through it, the Chamber increased its influence and demonstrated innovation and leadership in the downstream petroleum industry.
He will be credited for being the driving force behind important decisions like the deregulation of petroleum prices, which prevented the Ghanaian economy from losing $500 million annually in unbudgeted subsidies, and the low-sulfur policy, which brought cleaner fuels to the market by adopting low-sulfur petroleum standards, from 3000ppm to 50ppm.
Senyo Hosi, the first CEO of CBOD, created a conceptual framework for the adoption of the Energy Sector Levies Act (ESLA) and the structuring and ring-fencing of the levies’ proceeds as collateral for Ghana’s first energy bonds to address the debt owed by the energy sector, which amounts to about 2.5 billion USD.
In his last address at the CBOD’s Annual General Meeting, He said, “It has been a decade of service working with you all to defend and promote the sustainable good of our industry for the good of Mother Ghana”
Hosi received praise from CBOD board chair Ivy Apea Owusu for his ten years of service to the Chamber.
“He’s been an exemplary leader at the secretariat, he’s contributed his intellect and passion towards the resolution of some of the many challenges we face in the petroleum downstream sector and with that we cannot over-emphasise his influence on the Ghanaian economy as a whole”, she said.
