The Group CEO of GOIL PLC, Edward Bawa, has held strategic discussions with the company’s upstream joint venture partners, Planet One. The discussions formed a significant step in GOIL Upstream’s Deepwater Cape Three Points (DwCTP) project, which marks the company’s strategic entry into Ghana’s upstream petroleum sector.

The meeting focused on ensuring full readiness ahead of the exploratory drilling campaign scheduled for next year, with attention on operational preparedness, financing, local content participation, and strict adherence to regulatory and environmental standards.

Mr. Bawa emphasized that the DwCTP project goes beyond exploration, reflecting GOIL’s determination to build local technical capacity, enhance national energy security, and position Ghanaian enterprise at the core of upstream value creation.

He further stressed GOIL’s commitment to working closely with stakeholders such as the Petroleum Commission, GNPC, and host communities to ensure the venture delivers meaningful contributions to Ghana’s energy future.

As Ghana’s leading indigenous integrated energy company, with operations spanning fuels, lubricants, bitumen, and upstream petroleum, GOIL’s bold foray into exploration signals a turning point,  one that underscores the capacity of local enterprise to compete in a highly technical sector while ensuring that the benefits of the country’s oil resources remain anchored at home.

GOIL PLC, Ghana’s leading indigenous oil and gas marketing company, has announced plans to add 12,000 metric tonnes of Liquefied Petroleum Gas (LPG) storage capacity within the next year, supported by an investment of $5 million.

The Group CEO and Managing Director, Edward Abambire Bawa, disclosed this during a panel discussion on “Monetising LPG to Enhance the Value of the Barrel in Africa’s Inland Markets” at the Africa Energy Week (AEW) 2025 in Cape Town, South Africa.

Mr. Bawa explained that Ghana’s LPG consumption stood at 340 million kilograms in 2024, yet existing storage infrastructure covers only two to three weeks of national demand. “This storage limitation is both a challenge and a prime investment opportunity. Expanding infrastructure is fundamental to unlocking the full monetisation potential of LPG, benefiting producers, distributors, and end consumers alike,” he stated.

The expansion aligns with GOIL’s broader commitment to infrastructure development. Recent initiatives include the rollout of multiple Autogas stations in five regions, including Accra and Kumasi, and the inauguration of a polymer-modified bitumen terminal in Tema. GOIL currently operates over 438 service stations nationwide, serving diverse consumer segments with fuels, LPG, and lubricants while driving sustainable growth and strategic partnerships.

Mr. Bawa further noted that GOIL is committed to improving access to LPG, especially in rural areas, through well-designed policies, increased investment, and innovative business models such as digital payment solutions tailored to household cash flows.

At the AEW exhibition, GOIL showcased its expanding energy portfolio, highlighting opportunities in Autogas and its two LPG Cylinder Recirculation Plants in Accra and Tema. These facilities provide safe, affordable, and cleaner LPG access to domestic consumers. The company also presented the newly commissioned multi-million-dollar Bitumen plant in Tema, underscoring its contribution to Ghana’s energy and infrastructure sectors.

The panel discussion also featured industry experts, including Mohammed Amin Naderian of the Gas Exporting Countries Forum, Sebastian Wagner of DMWA Resources, and Sesakho Magadla, CEO of PetroSA, who shared perspectives on LPG monetisation across Africa.

 

GOIL PLC, Ghana’s only indigenous oil marketing company listed on the Ghana Stock
Exchange (GSE), has again been adjudged ‘ Petroleum Company of the Year’ in recognition
of its outstanding customer-focused initiatives, strong brand positioning and consistent
delivery of quality petroleum products and services nationwide.

The honour was conferred at the 36th Chartered Institute of Marketing, Ghana (CIMG)
Annual Marketing Performance Awards held in Accra.

GOIL also retained its coveted place in the CIMG Hall of Fame, underscoring its long-
standing commitment to marketing excellence, innovation, and service leadership within the
petroleum sector.

Commenting on the recognition, the Chief Operating Officer of GOIL, Dr Marcus Deo Dake,
expressed gratitude to customers, staff, dealers, and stakeholders:
“These awards are a tribute to the hard work and dedication of our employees across the
country and the loyalty of our cherished customers. GOIL remains committed to setting the
standard for quality, innovation, and service delivery in the petroleum industry.”

The CIMG Annual Awards celebrate businesses and individuals who demonstrate marketing
excellence, innovation, and ethical leadership in their sectors. GOIL’s repeated success at the
awards reinforces its role as a proud Ghanaian brand contributing to national development.

 

The Board of Directors of GOIL PLC continued their nationwide onboarding tour with visits to key strategic operational sites in the Western Region.

The tour started at the GOIL Aviation Depot at Takoradi Airport. Ing. Denis Amui, Head of Operations at GOIL, in briefing the board, indicated that the facility was jointly funded by Tullow Oil and GOIL in 2009, to meet the growing demand for aviation fuel due to increased upstream activity. Today, the depot supplies both commercial airlines and the Ghana Air Force, playing an important role in supporting the country’s aviation and energy infrastructure.

The delegation then proceeded to the Marine Gas Oil (MGO) Tank Farm at the Takoradi Harbour, a GoEnergy-operated facility with a storage capacity of 13.5 million litres. Commissioned in 2018, the installation supports bunkering and the supply of MGO to offshore vessels. Mr. Isaac Baffoe, Terminal Manager, led the Board through operations at the site, highlighting its strategic contribution to Ghana’s marine and offshore energy sector.

At the Sekondi Naval Base, the Board was welcomed by Commander Darkwah Charles, Commanding Officer of the Western Naval Command, who guided them through the Base’s exhibition room and briefed them on ongoing collaborations. Discussions also focused on the MGO terminal at the Base, with the Board Chairman urging management to explore alternative uses for the existing storage tanks as marine activity at the enclave has slowed in recent years.

The final stop was the Takoradi Zonal Depot, where Mr. Denis Darko, Zonal Manager, led the delegation on a tour of the storage tanks and the vast land holdings of the company. In his remarks, the Board Chairman commended staff for their dedication.

At the end of the tour, the Board expressed satisfaction with the progress of operations in the Western Region, reaffirming GOIL’s commitment to excellence in aviation and marine fuel supply, as well as regional market growth.

GOIL PLC’s GoodEnergy football team has been crowned champions of the football category at the 2025 JoySports Invitational Tournament, held at the University of Ghana Sports Stadium, capping off years of determination and resilience with this title.

On the road to victory. GOIL faced stiff competition from some of the tournament favorites, triumphing over DHL, NPA, SNS, and McDan on its way to the finals. In the final clash, the team defeated SIC Insurance in a tightly contested match to secure the gold.

This triumph was especially significant, as the GoodEnergy team had previously reached the semifinals in four past tournaments but had never won the final. This year, motivated by management’s support and their own persistent spirit, the team finally overcame the obstacle to lift the coveted trophy.

At the start of the tournament, Ing. Joshua Kwabena Duodu, Head of Technical & Special Products at GOIL PLC, urged the players to embody the GoodEnergy values of teamwork, innovation, and resilience. He assured the squad of management’s unwavering support, a promise that proved to be a source of great motivation.

Speaking to JoySports after the victory, team captain Nana Kwesi dedicated the achievement to management, emphasizing the role of leadership and backing from the top. “The massive endorsement and support from management, led by Group CEO Edward Abambire Bawa, inspired us throughout the tournament. The leadership and enthusiasm shown in steering the GOIL brand to positive results over the past few months was something we looked up to. We couldn’t afford to fail this time,” he explained.

On Monday, August 25th, 2025, Team GOIL proudly presented the JoySports Invitational Football Trophy to Group CEO/Managing Director, Mr. Edward Abambire Bawa, at the company’s Head Office. The gesture symbolized not only the team’s sporting success but also the strength of unity across the GOIL family. Commending the players for flying high the flag of GOIL, Mr. Bawa praised their teamwork and embodiment of the GoodEnergy brand both on and off the field, while expressing management’s gratitude for making the entire company proud.

Beyond football, GOIL also made its mark in other disciplines at the 2025 edition of the JoySports Invitational, which brought together 49 corporate organizations competing across 15 sporting events. GOIL placed second in the female athletics competition and also reached the semifinals in swimming, further showcasing the company’s commitment to teamwork, endurance, and sportsmanship.

The celebrations that followed the medal and trophy presentation reflected not only GOIL’s success on the pitch but also the company’s strong culture of unity and resilience, true hallmarks of the GoodEnergy spirit.