GOIL Posts Strong Performance
Kwame Osei-Prempeh
The Ghana Oil Company Limited (GOIL) has come up in sharp focus due to its strong performance in the country’s energy industry.
The state-owned enterprise (SOE), since its establishment in 1960, has grown to become a vibrant company which is consistently delivering energy products in high quality.
Currently having a presence in 400 communities termed as service stations, GOIL has been strategically located to serve the public with quality lubricants and Liquefied Petroleum Gas (LPG).
Group Chairman and Chief Executive Officer (CEO) of GOIL, Lawyer Kwame Osei-Prempeh, taking his turn on the Focus on SOEs documentary produced by the State Interests and Governance Authority (SIGA), said, “GOIL was strategically set up in both rural and urban communities to deliver cleaner energy materials to its customers.”
The Group CEO disclosed that currently, GOIL has four subsidiaries namely, Go Energy, GOIL Upstream, Go Bitumen and GOIL Recirculation (Go Gas).
He said these subsidiaries have been working to shape GOIL into its current pillar status in the energy sector.
According to him, the Go Bitumen with the capacity of 7,500 MT site has positioned itself as a key player in Ghana’s energy transition.
To be headquartered in a 12-storey building in Accra, the CEO said their new office which is about 90% complete would help to upscale performances and operations.
With the trade in bitumen previously unsuccessful after several attempts, Lawyer Osei-Prempeh noted that GOIL had finally succeeded in producing Bitumen in high levels and quantities.
The introduction of GOIL Autogas, the Group CEO explained, had enabled the company to serve vehicles powered with gas.
This initiative, Lawyer Osei-Prempeh said, has helped to eliminate the long lasting challenge gas vehicle owners faced, adding that currently, stations at Tema in Accra and Kaase in Kumasi are offering safer and more efficient ways to supply LPG to customers.
The CEO said starting his tenure with 85 service stations in 2016, GOIL currently can boast of 440 service stations across the country.
He said the company has staff strength of 1,500 as well as 2,000 individual workers serving as fuel attendants, supervisors, and GO merchants.
He revealed that currently, the government is supporting GOIL’s effort to build on partnerships with other partners, including the plan of setting up branches in The Gambia and many other African countries.
Mr. Osei-Prempeh said aside the normal energy business and the plan to explore for oil deposits and drilling in the future, GOIL was also involved in many corporate social responsibility activities.
He noted that GOIL supports universities in the areas of education initiatives and projects, as well as hospitals in the area of healthcare and in the sporting field too.
The Group CEO said having a focus on its mandate and vision, GOIL was committed to carrying out investments and operations that would enable the country to have clean energy.
Currently, he said government has 78% stake in same, with Social Security and National Insurance Trust (SSNIT) and Bulk Oil Storage and Transportation (BOST) also having shares, including some individuals and citizens.
He urged the public to see the company as their own and continue to patronise its products.
Mr. Osei-Prempeh said the activities and operations have become smoother with SIGA coming on board as supervising authority.
He, therefore, commended SIGA and noted that the outfit has helped to streamline GOIL’s activities and operations across Ghana.
A Daily Guide Report
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