GOIL slashed fuel prices again as drivers across Ghana celebrate cheaper trips to the pump. The oil company cut costs on July first despite wars raging between Israel and Iran that usually spike global energy markets. Super XP dropped to 12.07 cedis per liter as Diesel XP fell to 13.20 cedis and Super XP 95 landed at 14.34 cedis per liter. Company leaders said they wanted to help motorists save money and reward customers who stick with their brand. GOIL has chopped prices every single week for three straight months.
The fuel giant reported massive profits during 2024 as shareholders heard good news at their annual meeting in Accra. Chairman Nana Philip Archer told investors that smart money management and careful spending helped the company grow earnings despite tough economic times. Revenue climbed higher as bosses kept tight control over daily operations and marketing costs. The company plans to build bigger gas bottle plants in Tema and Kumasi that can handle 1,200 metric tons combined. GOIL wants to grab more business from airplane fuel, mining companies and car gas markets during 2025.
Chief Executive Edward Abambire Bawa promised the company would lead Ghana into cleaner energy options as the world shifts away from dirty fuels. Management created new performance targets to make workers more productive and hit business goals faster. GOIL operates over 400 gas stations nationwide and calls itself the top local oil company in the country.
The fuel giant reported massive profits during 2024 as shareholders heard good news at their annual meeting in Accra. Chairman Nana Philip Archer told investors that smart money management and careful spending helped the company grow earnings despite tough economic times. Revenue climbed higher as bosses kept tight control over daily operations and marketing costs. The company plans to build bigger gas bottle plants in Tema and Kumasi that can handle 1,200 metric tons combined. GOIL wants to grab more business from airplane fuel, mining companies and car gas markets during 2025.
Chief Executive Edward Abambire Bawa promised the company would lead Ghana into cleaner energy options as the world shifts away from dirty fuels. Management created new performance targets to make workers more productive and hit business goals faster. GOIL operates over 400 gas stations nationwide and calls itself the top local oil company in the country.
