GOIL SHAREHOLDERS APPROVE APPOINTMENT OF NEW BOARD OF DIRECTORS 

Shareholders of GOIL PLC have approved the appointment of a new Board of Directors at an Extraordinary General Meeting (EGM), held in Accra. The new nine-member board is under the chairmanship of Nana Philip Archer, a seasoned executive with over 20 years of experience in leadership roles in multi-national corporations. Other members of the Board are Mr Edward Abambire Bawa, (Group Chief Executive Officer and Managing Director), Dr Thomas Kofi Manu, Dr. Evelyn Lamisi Asuah, Mr. Sylvester Kotey, and Mr. Afetsi Awoonor. Others are Mr Augustine Angaa Dayuo, Hon. Dr. Kwamena Minta Nyarku and Professor Peace Mamle Yoko Tetteh. Speaking after the endorsement of the board, the chairman, Nana Philip Archer, highlighted the achievement of growth and more profitability for GOIL adding that the board will strive to achieve greater return on investment in respect of new projects made by the company. The Group Chief Executive and Managing Director, Mr. Edward Abambire Bawa, an energy expert, and public servant with almost two decades of experience in energy policy, noted that the Management team would work towards improving shareholder value and increased dividend payment, which is dear to the heart of every shareholder. He emphasized that the company would change strategy where needed and improve upon the successes chalked by the previous management. Shareholders joined the meeting online while a sizeable number of them attended in-person to approve the new board of directors. The old Board of Directors later officially handed over the mantle to the newly constituted board.
 
 

NEW FUEL PRICES

NEW FUEL PRICES EFFECTIVE TUESDAY 18TH MARCH, 2025
SUPER XP - GHC 14.99
DIESEL XP - GHC 15.42
SUPER XP 95 - GHC 15.36

EDWARD BAWA ASSUMES OFFICE AS ACTING GROUP CEO & MD OF GOIL PLC

GOIL PLC is pleased to announce the official assumption of office by Mr. Edward Abambire Bawa as the Acting Group Chief Executive Officer & Managing Director (CEO & MD). His appointment marks a seamless transition following the end of tenure of Mr. Jacob Kwabena Adjei, who has served GOIL in various capacities for 18 years before being appointed as Managing Director in December, 2024.

At a durbar held to formally introduce Mr. Bawa to staff after his engagement with the management team, he expressed deep appreciation for the contributions of his predecessor in steering GOIL onto a path of growth and resilience. He reaffirmed his commitment to driving innovation, enhancing operational efficiency, and ensuring the company’s sustainable expansion.

In his address, Mr. Bawa assured management and staff of a collaborative and inclusive leadership approach, emphasizing his openness to new ideas and solutions that will address the company’s challenges and propel its growth.

Outgoing Group CEO & MD, Mr. Kwabena Adjei, extended his gratitude to the staff for their unwavering support during his tenure and urged them to offer the same dedication to his successor.

The management and staff of GOIL PLC pledged their full support for Mr. Bawa’s vision, reinforcing their collective ambition to position GOIL as a formidable, fully integrated, and competitive force in the energy sector.

GOIL OPENS THIRD STATION IN BEREKUM

 
 GOIL has opened its third service station in Berekum in the Upper Middle Belt Zone.
The service station, which is situated on the Berekum-Dormaa Road, commenced sales Monday morning offering both Super XP and Super XP 95. The station also sells Diesel XP which will benefit long-distance and haulage vehicles on the busy corridor.
 

ACTING NPA CEO TOURS GOIL LBP LPG BOTTLING PLANT IN TEMA

The Acting Chief Executive Officer of the National Petroleum Authority (NPA), Gordon Kudzo Tamakloe, has commended GOIL PLC for implementing robust safety measures at its LPG bottling plant in Tema.

He said this during a working visit to the facility. Mr. Tamakloe was accompanied by his two deputies, Dr. Sheila Addo, and Dr. Dramani Bukari, some management team members who familiarized themselves with the plant's operations, which align with the National Cylinder Recirculation Model (CRM).

 The team also included officials from the Ghana Cylinder Manufacturing Company.

He lauded the facility’s state-of-the-art firefighting system, which includes a one-million-liter capacity water tank capable of sustaining fire suppression efforts for two hours before requiring external assistance from the Ghana National Fire Service.

Mr. Tamakloe assured GOIL PLC of the NPA’s unwavering support to ensure the company's smooth and efficient operations.

The Team was conducted round the facility by the terminal Manager, Ing. Kwadwo Takyi.

A team of GOIL officials who welcomed the NPA officials included The Head of Operations, Ing Denis Amui, Head of Corporate Affairs, Dr. Marcus Dake. Others were the Head of TSP, Ing. Joshua Kwabena Duodu, Head of HSSE, Ing. Marian Fordjour and the Head of IT, Roger Baah.  The rest were, the MD of GO Bitumen, Joseph Adongo, and the Marketing Manager, Ernest Asare, Client Relationship Manager, Benjamin Anokye, all of GO Energy, and the Public Relations Manager of GOIL.

 

MFANTSIPIM SCHOOL PAYS COURTESY CALL ON GOIL

Winners of the 2024 National Science and Maths Quiz (NSMQ), Mfantsipim School have paid a courtesy call on the Management of GOIL PLC in Accra.

The team, led by some teachers and school officials presented their trophy to GOIL in acknowledgment as headline partners of the competition.

GOIL is the Headline partner of the flagship national quiz programme.

Receiving them, the Chief Finance Officer, Mr. Kwabena Adjei congratulated the team for winning the competition and encouraged them to keep up the good work as they strive for academic excellence.

He assured that GOIL was satisfied with the partnership with Primetime Limited and will continue to support the National Science and Maths Quiz

The team thanked GOIL for their support and predicted more wins for the school in subsequent contests.

Present at the meeting were Dr. Marcus Dake, Head of Corporate Affairs, Head of Technical and Special Products, Ing Joshua Doudu, Head of HSSEQ, Mrs Marian Thompson Fordjour, Head of IT, Roger Baah, Public Relations Manager, Robert Kyere as well as Aviation Services Manager, Kwesi Kittoe.