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Ghana: William Ntim-Boadu joins PETROSOL’s Board of Directors

Mr. William Ntim-Boadu, an esteemed energy finance professional, has assumed his role as a Board of Directors member at PETROSOL Ghana Ltd. PETROSOL, a prominent Oil Marketing Company in Ghana, has appointed Mr. Ntim-Boadu in recognition of his seasoned expertise in the field of energy finance.

Mr. Ntim-Boadu presently holds the position of Chief Executive Officer at HFields Limited, an oil services firm. In addition to his role at HFields, he serves as an Executive Director at the Milton Group, a company specializing in business information technology solutions. Furthermore, Mr. Ntim-Boadu is actively involved in the governance of the industry, holding a position on the Board of Ebony Oil & Gas Ltd, a company engaged in bulk oil import, distribution, and export.

Mr. Ntim-Boadu has been recognized at the national level for his expertise and has played a pivotal role in addressing significant issues within the energy sector. Notably, from 2016 to 2017, he contributed as a key member of a team of experts that successfully crafted the ESLA Bond program.

Again, between June 2021 and June 2022, he was part of the three-member Interim Management Committee (IMC) appointed by the Government of Ghana and tasked with the responsibility of coming out with the strategic direction of the Tema Oil Refinery (TOR) by identifying a strategic operating partner, conducting a technical evaluation of the processing plant and managing the daily operations of the refinery within that period. This assignment was executed diligently and their report submitted to the government.

From 2017 to 2020, Mr. Ntim-Boadu assumed dual responsibilities, serving as the General Manager of Astra Oil Services Ltd—a company engaged in bulk oil import, distribution, and export. Concurrently, he held the position of Commodity Trading & Risk Manager at Zen Petroleum Ltd, an oil marketing company.

Additionally, between 2010 and 2017, Mr. Ntim-Boadu served as the Chief Finance Officer of Sage Petroleum, a bulk oil import, distribution and export company, and played a key role in helping to raise funding for the construction of the Quantum Liquefied Petroleum Gas (LPG) Storage and Loading Infrastructure at Anokyi, near Atuabo, in the Western Region, which has contributed significantly to the financial viability of the company and national LPG supply security. Prior to that, he had served diligently as the Manager-Commerce of the same company and contributed to the company’s growth.

Some of the previous roles he played include, Accountant and Oil Trader, Cirrus Oil Services and Associate (Audit), KPMG, a global audit firm.

He is a Chartered Accountant and a proud member of the Association of Chartered Certified Accountants (ACCA) in the UK. His educational foundation includes a Bachelor of Science degree with a focus on Accounting from the University of Ghana Business School, Legon. Additionally, he holds a Diploma in French, acquired from the Ministry of Education in France.

He has attended several courses in energy finance, oil trading and International Financial Reporting Standards (IFRS), both locally and internationally.

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