… However, given the intense competition currently prevailing in the market, industry watchers believe some major players, including GOIL and Star Oil, could price their products very close to the new floors. …
… Other actively traded counters included GCB Bank, Ecobank Transnational Incorporated, CAL Bank, Societe Generale Ghana, Zenith Petroleum Holdings and GOIL. …
… Firefighters battled both elements — water and flame — in conditions that mirrored the June 3, 2015 flood and fire explosion at the Goil Filling Station disaster. …
AMA pledges action to prevent June 3 disaster recurrence
4
·Joy Online
… Mr Hosi recalled that in 2018, 69 victims instituted a class action suit against GOIL, the National Petroleum Authority, the Accra Metropolitan Assembly and the station manager, seeking accountability, compensation and justice. …
… A decade after the fire and flood disaster at the GOIL filling station near Kwame Nkrumah Circle in Accra claimed more than 150 lives and left over 200 people injured, many victims are still living with physical, emotional, and economic scars as they await justice. …
… In a statement marking the 11th anniversary of the disaster, the group said more than a decade after the fire and floods at the GOIL filling station near Kwame Nkrumah Circle in Accra claimed over 150 lives and injured more than 200 people, many victims continue to live with phys …
… It is also not clear for now how the other major players in the industry, including Goil, Shell, Total and Zen Petroleum will react to this development. …
Petrol, diesel, and LPG prices are projected to drop significantly during the second pricing window of June, with petrol expected to fall by up to 9.31% to around GH¢14.72 per litre. The decline is attributed to falling global oil prices, though cedi depreciation has limited the extent of the cuts.
Why it matters
Fuel prices projected to drop sharply (petrol down 9.31%) from June 16, providing immediate cost-of-living relief for Ghanaians.
Petrol, diesel, and LPG prices are projected to drop significantly during the second pricing window of June, with petrol expected to fall by up to 9.31% to around GH¢14.72 per litre. The decline is attributed to falling global oil prices, though cedi depreciation has limited the extent of the cuts.
The Ghana Stock Exchange's market capitalisation rose to GH¢262.95billion in May with a year-to-date gain of 52.84 percent, driven by declining inflation, lower interest rates, and increasing investor participation in equities.
On June 3, 2026, heavy rains overwhelmed drainage systems in Accra and parts of Greater Accra Region, causing widespread flooding that submerged homes, cut off roads, and displaced families. Simultaneously, a fire outbreak occurred in a separate location, with firefighters battling both flood and flame conditions reminiscent of the June 3, 2015 Goil Filling Station disaster.
The OneGhana Movement says the June 2015 fire and flood disaster at Kwame Nkrumah Circle could have been prevented had authorities properly enforced safety and planning regulations. Eleven years on, survivors and bereaved families continue to seek justice and bear physical, emotional, and economic scars.
A decade after the June 3 fire and flood disaster at a GOIL filling station near Kwame Nkrumah Circle claimed more than 150 lives and injured over 200 people, the Accra Metropolitan Assembly has expressed sympathy with victims and said it is working on drainage maintenance, waste management, and infrastructure improvements to prevent such a disaster from happening again.
The OneGhana Movement has renewed calls for justice for victims of the June 3, 2015 GOIL filling station fire and floods in Accra that killed over 150 people and injured more than 200. A class action lawsuit filed by 69 victims in 2018 against GOIL, the National Petroleum Authority, the Accra Metropolitan Assembly, and the station manager continues, with trial testimony suggesting stronger oversight might have prevented the disaster.
Some Oil Marketing Companies have begun increasing petroleum product prices from June 1, 2026, in line with the bi-weekly price review under the deregulation policy. Star Oil raised petrol to GH¢15.20 per litre, matching the National Petroleum Authority's price floor, while the Chamber of Oil Marketing Companies projects petrol could rise 4.20–6.20%.
Oil marketing firm GOIL has announced a dividend of GH¢0.06 per share for the 2025 financial year, subject to shareholder approval at the upcoming Annual General Meeting. The ex-dividend date is set for Friday, 5 June 2026, with payment scheduled for Monday, 10 August.
GOIL, once Ghana's market-leading fuel company, faced declining market share, product shortages due to supplier debt, annual financing costs of approximately GH¢130 million, deteriorating stations, and low staff morale. The company lacked an Audit Charter and Procurement Manual, creating governance gaps that risked inefficiency, weak controls, and corruption.
GOIL, once the market leader in fuel retail, faced declining competitiveness due to supplier indebtedness, high financing costs of approximately GH¢130 million annually, deteriorating station conditions, and weak governance including absent audit and procurement frameworks. The company has undertaken leadership, discipline, and operational renewal efforts to restore institutional credibility and operational capacity.
The Ghana Stock Exchange recorded a steep decline in the trading week ended Friday, May 8, 2026, shedding GH¢12.5 billion in market capitalisation as the GSE Composite Index tumbled 546 points or 3.6 per cent to close at 14,567.57. Scancom PLC (MTN Ghana), which accounts for roughly a third of total market capitalisation, led the losses.
Oil marketing companies including Star Oil and Goil have reduced petrol and diesel prices in line with price floors announced by the National Petroleum Authority, with petrol set at GH¢13.25 per litre and diesel at a floor of GH¢14.30 per litre.
ZEN Petroleum Holdings' shares climbed nearly 10 percent on their second day of trading on the Ghana Stock Exchange on Thursday, April 23, 2026, following a heavily oversubscribed IPO that raised GH¢640 million. The listing, the first by an indigenous private downstream sector company, boosted the GSE Composite Index up 1.18 percent, though analysts warned that institutional investor dominance may stifle price discovery.
Zoomlion Ghana Limited dispatched a high-powered team to Asante Akyem South Municipality to investigate sanitation concerns, including refuse spillages at communal container sites and deteriorated waste containers, after the Municipal Chief Executive raised allegations before Parliament's Public Accounts Committee.
Zoomlion Ghana Limited investigated sanitation concerns raised by the MCE of Asante Akyem South Municipality at a Parliament Public Accounts Committee hearing on April 21, 2026, including reports of refuse spillages and deteriorated waste containers. The company dispatched a team to the municipality on April 22 to assess the situation and address the allegations.