Concentrating on enhanced gasoline safety, Ghana is driving the event of its downstream oil and gasoline trade, with developments in liquefied petroleum gasoline (LPG), distributed gasoline merchandise and aviation fuels. The nation’s state-owned oil and gasoline advertising firm Ghana Oil Firm (GOIL) performs an instrumental half in strengthening the downstream sector.
Edward Abambire Bawa, Group CEO and Managing Director of GOIL, is talking on the Put money into African Energies: Accra Investor Briefing on April 14 on the Kempinsky Resort. The occasion is a prelude to the African Vitality Week (AEW): Put money into African Energies 2025 convention – happening in Cape City from September 29 to October 3 – and can showcase Ghana’s intensive oil and gasoline alternatives, from upstream exploration to midstream infrastructure to downstream distribution and funding alternatives.
With ambitions to extend oil manufacturing by way of the enlargement of upstream fields, Ghana additionally strives to boost its downstream trade, with goals to scale back petroleum imports by scaling-up home infrastructure and distribution. On the helm of this ambition is GOIL, which is already famend for its numerous product choices and intensive distribution community. This features a huge community of gasoline stations throughout the nation; sturdy partnerships with world and native stakeholders within the vitality sector; and ongoing funding in infrastructure, innovation and sustainable options. The corporate can be one of many main suppliers of jet gasoline at Ghana’s Kotoka Worldwide Airport, Takoradi Airforce Base and Kumasi Airport. In collaboration with companions, the corporate additionally provides jet gasoline for export worldwide.
Current developments underscore GOIL’s dedication to increasing its distribution infrastructure. In February 2025, the corporate opened its third service station in Berekum within the Higher Center Belt Zone; in August 2024, it reintroduced tremendous XP onto the market; and in February 2024, it opened Autogas stations in 5 areas nationwide. Moreover, in partnership with Ivory Coast’s Societé Multinationale de Bitumes, GOIL inaugurated a bitumen terminal and manufacturing plant in Tema in September 2024. The $40 million facility has a manufacturing capability of seven,500 metric tons and can produce polymer modified bitumen and bitumen emulsions. The ability additionally includes a laboratory for testing the standard of merchandise in addition to storage choices. The ability is predicted to fulfill the demand of the nation’s highway building sector, decreasing the import of bitumen merchandise in Ghana. These developments spotlight the corporate’s dedication to increasing infrastructure to help the rising demand for petroleum merchandise in Ghana.
Moving into this image, the Put money into African Energies: Accra Investor Briefing provides a possibility for the nation’s state-owned enterprises reminiscent of GOIL to share updates on main initiatives, upcoming funding alternatives and strategic areas of collaboration. In the course of the occasion, Bawa will share insights on GOIL’s strategic initiatives to boost the nation’s oil and gasoline infrastructure, underscoring the essential want for elevated investments throughout your entire vitality worth chain to bolster Ghana’s financial development and vitality safety.
“GOIL continues to make important strides towards strengthening your entire oil and gasoline worth chain in Ghana. With a dedication to enhancing home gasoline safety and decreasing imports, the corporate is working extra intently with worldwide companions to modernize vitality infrastructure, enhance petroleum product distribution and scale-up capability constructing throughout the downstream sector. GOIL’s initiatives and forward-looking improvement technique exemplify the proactive steps wanted throughout the nation to draw funding and improve the worth chain,” said NJ Ayuk, Govt Chairman, African Vitality Chamber.
Distributed by APO Group on behalf of African Vitality Chamber.
