Ex-BOST MD out on GH¢30 million bail bond

….As nation awaits EOCO’s “explosive” findings on him

Former Managing Director of the Bulk Oil Storage and Transportation Company (BOST), Edwin Provencal, has been released after meeting his GH¢30 million bail condition, following more than two weeks in the custody of the Economic and Organised Crime Office (EOCO).

Mr Provencal was arrested at Kotoka International Airport (KIA) on Monday, November 10, while attempting to board a flight to Maputo, Mozambique, with some saying he was either bound for South Africa or heading to Dubai.

Authorities said he had been placed on a stop list as part of ongoing investigations into an alleged case of causing financial loss to the state during his tenure at BOST.

He was reportedly travelling without the required authorisation.

His arrest triggered significant public interest, with supporters expressing concerns over the prolonged detention.

Speaking after his release on Tuesday, November 25, his legal counsel, Charles Okyere, expressed gratitude to all who had shown solidarity throughout the period.

“Finally, he has met the bail condition, so he has been allowed to go home. He is really thankful for the support.”

EOCO recently responded to media reports alleging the purported arrest of Springfield Energy CEO Kevin Okyere in Dubai, United Arab Emirates.

In a statement released on Sunday, November 2, 2025, EOCO said it had taken notice of a publication by the online news platform NorvanReports, which alleged that Kevin Okyere’s supposed detention was linked to EOCO’s failure to act on a petition alleging defrauding by false pretence.

EOCO, however, described the publication as false and misleading, noting that the agency is currently handling two investigations involving Springfield Energy.

“Contrary to the claims made by NorvanReports, EOCO has two active investigations involving Springfield Energy. The first is a petition against Springfield Energy, and the second is an explosive case between BOST and Springfield Energy. It is the policy directive of the leadership of EOCO that investigations must precede arrest and not the reverse,” it stated.

The agency stressed that its investigations are ongoing and reiterated that its policy is to ensure arrests are made only after thorough investigations, not before.

“We wish to emphasize that the case involving BOST and Springfield is of priority to EOCO due to its immediate impact on BOST’s finances and the local economy. Though EOCO does not comment on active investigations, it is regrettable that NorvanReports did not seek clarification from EOCO before running the false story.”

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