Also known as: GOIL brand · GOIL filling station
GOIL — oil marketing company competing in Ghana's downstream petroleum sector, navigating fuel price decisions amid crude oil volatility.
News reports
Order a long-term news report on GOIL
Every mention in the Ghanaian press over the period you choose, compiled as a PDF or Word document.
Verbatim sentences from the source article.
Joy Online
GOIL says rising fuel prices alone cannot justify the Ghana Private Road Transport Union’s (GPRTU) proposed 30% increase in transport fares. …
Fuel prices may rise, but GOIL says 30% transport fare hike doesn’t add upJoy Online
GOIL is studying the impact of crude oil prices hitting $100 a barrel before deciding whether to adjust fuel prices at its pumps. …
GOIL sets Sept. 16 deadline for decision on fuel pricesJoy Online
The smooth transition of Edward Bawa into the leadership of GOIL has been driven by more than just staff support. …
GOIL’s biggest strength lies in its people, structures and strong internal systems – BawaJoy Online
The battle for customers between GOIL and Star Oil is intensifying, but the rivalry has not stopped the two companies’ chief executives from maintaining a cordial relationship. …
GOIL, Star Oil price war rages on, but chiefs keep friendship aliveJoy Online
The Chief Executive Officer of GOIL, Edward Bawa, has praised his counterpart at rival fuel marketing company Star Oil, Philip Kwame Tieku, describing their relationship as healthy despite the fierce competition between the two companies. …
GOIL CEO praises Star Oil counterpart despite fierce market rivalryJoy Online
GOIL is ready for a tough fight to retain its position in Ghana’s fuel market as competition from Star Oil intensifies, Chief Executive Officer Edward Bawa has said. …
GOIL won’t give up ground as Star Oil battles for market share, says Edward BawaJoy Online
… and disciplined cost management should sustain BOPP’s earnings growth”. “We remain constructive on OMCs [Oil Marketing Companies], supported by higher crude oil prices, improving marketing margins, and earnings potential, with TotalEnergies Ghana providing defensive income, GOIL …
GSE to close 2026 with 81% return for investorsJoy Online
Market leader GOIL has kept petrol and diesel prices unchanged despite industry projections of an increase in fuel prices for the latest pricing window. …
GOIL defies market forecasts, holds petrol at GH¢15.43 and diesel at GH¢17.26Joy Online
… The Government of Ghana holds a 45 per cent interest in the company, with the remaining shares held by state-linked institutions, including SSNIT, SIC, NIB, Agricultural Development Bank and GOIL. …
Metro Mass Transit returns to profit as revenue rises to GH¢161.85mThe Chronicle
… The committee also uncovered significant outstanding debts owed by Adamus Resources to institutions including GOIL and GRIDCo, in addition to the statutory arrears already identified in the report. …
The Revocation of Adamus License: The Inside StoryThe Tema Oil Refinery's MD has emphasised the strategic importance of refining Ghanaian crude domestically to retain value in the national economy and fulfil the President's value-addition vision. Since December 2025, TOR has resumed crude processing and received multiple cargoes of crude oil, including indigenous sources like Jubilee and Sankofa crude.
27 October 2026 · Joy Online →
The Tema Oil Refinery's MD has emphasised the strategic importance of refining Ghanaian crude domestically to retain value in the national economy and fulfil the President's value-addition vision. Since December 2025, TOR has resumed crude processing and received multiple cargoes of crude oil, including indigenous sources like Jubilee and Sankofa crude.
27 October 2026 · Joy Online →
Tema Oil Refinery's recovery has boosted Burkina Faso's petroleum product movements through Ghana from 15 per cent in 2024 to 40 per cent, according to TOR's Managing Director, reflecting improved collaboration among petroleum sector institutions and strengthening Ghana's regional fuel supply role.
26 October 2026 · Joy Online →
The Tema Oil Refinery recorded a 216.19% increase in product storage volumes between 2024 and 2026, rising from 426,954 metric tonnes in 2024 to 1,350,000 metric tonnes in 2026, as management works to restore commercial operations and strengthen the refinery's role in Ghana's petroleum supply chain.
26 October 2026 · Joy Online →
The Ghana Football Association has announced that the 2026/27 Women's Premier League will kick off on October 23–26, 2026, across Northern and Southern Zones with 20 clubs, running until a league final scheduled for April 30–May 3, 2027. Defending champions Ampem Darkoa will seek to retain their title amid competition from contenders like Hasaacas Ladies.
7 October 2026 · Joy Online →
The Ghana Stock Exchange Composite Index rose 1.33 per cent to 14,071.44 points last week, but total share trading value fell 28.25 per cent to GH¢104.63 million, with MTN Ghana accounting for approximately 90 per cent of traded value.
5 October 2026 · The Ghanaian Times →
The Energy Committee of Parliament is conducting a three-day tour of TOR, GOIL and Sentuo Refinery to assess operations, production capacity and fuel supply. The visit comes as fuel prices are increasing and will focus on refinery operations, current capacity, production levels and expansion plans.
22 September 2026 · Joy Online →
Ghana's equity market retreated in the week to September 18, 2026, with the GSE Composite Index declining 2.06 per cent to 14,309.49 and market capitalisation falling to GH¢270.20 billion from GH¢276.26 billion. Trading activity slowed significantly, with total volume dropping 53.74 per cent and transaction value falling 43.80 per cent, though both indices remained substantially up year-to-date.
22 September 2026 · The Ghanaian Times →
Star Oil has increased petrol to GH¢16.77 per litre (a 6% rise from GH¢15.17) and diesel to GH¢17.77 per litre (a 4.71% rise from GH¢16.97), citing higher international petroleum prices and cedi depreciation. Other oil marketing companies are expected to adjust prices this week, though some are monitoring competition first.
16 September 2026 · Joy Online →
Ghana Stock Exchange activity surged last week with 34.59 million shares traded, up 130.2% from the previous week, and transaction value rising 77.8% to GH¢165.94 million. Despite the increase in trading liquidity, benchmark indices declined and market capitalisation fell 1.52%.
14 September 2026 · The Ghanaian Times →
GOIL Group CEO Edward Bawa says the company is studying various scenarios and may be able to prevent fuel price increases at the pumps despite crude oil hitting $100 per barrel, though the company must also cover its costs and will announce its decision by 16 September.
14 September 2026 · Joy Online →
GOIL's CEO says rising fuel prices alone cannot justify the Ghana Private Road Transport Union's proposed 30% increase in transport fares, arguing that other factors including the cedi-dollar exchange rate, spare parts, and insurance costs must also be considered. GOIL said it is assessing the situation and will seek ways to cushion consumers.
14 September 2026 · Joy Online →
GOIL says it is studying the impact of crude oil prices hitting $100 a barrel and will announce its position on fuel prices by September 16. CEO Edward Bawa stated that higher crude prices do not automatically translate into higher prices at GOIL pumps, and the company will seek to balance covering its costs while limiting the impact on consumers.
14 September 2026 · Joy Online →
GOIL Group CEO Edward Bawa, in his first year of leading the oil marketing company with no prior experience in the sector, attributes his smooth transition to the company's strong human capital, established structures, and internal policies. He cited the onboarding process from department heads and staff support as key factors in making the transition feel seamless despite his unfamiliarity with the industry.
11 September 2026 · Joy Online →
GOIL and Star Oil are engaged in an intense price war for market share, but their chief executives maintain a businesslike relationship conducted largely through social media. GOIL CEO Edward Bawa says the competition is strictly business and has never become personal, despite the aggressive fight for customers.
11 September 2026 · Joy Online →
GOIL's Edward Bawa has praised his counterpart at rival fuel company Star Oil, Philip Kwame Tieku, describing their relationship as strictly businesslike despite the two companies competing aggressively on pump prices for market share. Bawa said there is no personal animosity between the executives, though they have never met physically and maintain contact through social media.
10 September 2026 · Joy Online →
GOIL Chief Executive Edward Bawa says the company will not surrender market share to rival Star Oil as the two fuel retailers engage in aggressive price competition for customers in Ghana's downstream petroleum market. Mr Bawa described the competition as healthy and said both companies are pursuing strategies they believe will win customers.
10 September 2026 · Joy Online →
The Ghana Stock Exchange is expected to close 2026 with an 81% return (±500 basis points) for investors, according to Databank Research. The projection is supported by strong corporate earnings, disinflation, and potential valuation upside across financial stocks, telecoms, FMCG, and oil marketing sectors.
3 September 2026 · Joy Online →
Market leader GOIL kept petrol at GH¢15.43 per litre and diesel at GH¢17.26 per litre unchanged for the latest pricing window, defying industry projections of an increase. The decision's rationale is unclear, though it may be influenced by competition or government efforts to prevent transport fare increases.
2 September 2026 · Joy Online →
Metro Mass Transit Limited posted a net profit of GH¢4.48 million in 2025, reversing a GH¢2.52 million loss in 2024, driven by a 16.87 per cent increase in operating revenue to GH¢161.85 million and a 30 per cent rise in passenger numbers to 2.51 million.
31 August 2026 · Joy Online →
A Ministerial Review Committee established by the Lands and Natural Resources Minister found that Adamus Resources Limited's mining lease revocation was driven by the company's failure to meet statutory financial obligations, including GHS86.78 million in royalties arrears, GHS119.04 million in tax arrears, and US$2.56 million in annual payments owed to the Minerals Commission.
21 August 2026 · The Chronicle →
Ghana Football Association President Kurt Edwin Simeon-Okraku announced a comprehensive support package for the upcoming domestic season, including GHS 120,000 per club for each of the 48 Division One League clubs, 30 footballs per club, and coverage of referees' and Match Commissioners' fees. The Women's Premier League will receive GHS 100,000 per club for each of the 20 clubs, 30 pairs of football boots per club, and similar referee cost coverage.
20 August 2026 · The Ghanaian Times →
Some Oil Marketing Companies have started reviewing fuel prices on August 17, 2026, with Star Oil reducing petrol from GH¢15.49 to GH¢14.97 per litre while keeping diesel unchanged at GH¢16.97. Other major OMCs like GOIL and Total Energies had not yet reviewed prices, though some may do so later in the day.
17 August 2026 · Joy Online →
The Ghana Stock Exchange ended the week of August 14, 2026 with market capitalisation up 1.43 per cent to GH¢288.90 billion and both benchmark indices advancing, though trading volume fell 22.16 per cent and value traded dropped 46.14 per cent. DAS Pharma was the strongest gainer, rising 55.77 per cent.
17 August 2026 · The Ghanaian Times →
Pentecost Senior High School in Koforidua has secured its first-ever qualification to the 2026 National Science and Maths Quiz National Championship, winning the Eastern Regional qualifiers with 58 points. The school also won the GH¢400 GOIL Riddle Bonanza prize.
5 August 2026 · Joy Online →
The New Patriotic Party has challenged the government's GH¢2 per litre diesel price reduction, demanding clarity on its financing and questioning its relationship to the Energy Sector Levies (Amendment) Bill passed by Parliament. The NPP acknowledged fuel price hardship but stated the cut only cushions part of recent increases and does not return prices to levels from eighteen months ago.
5 August 2026 · Joy Online →
Ghana's government reduced the regulatory margin on diesel by GH¢2.00 per litre for a month to lower transport fares and ease inflationary pressure, a move that sources say will cost the state GH¢200 million in foregone revenue. The intervention, announced by the Presidency and effective August 4, 2026, aims to cushion consumers and businesses reliant on diesel.
5 August 2026 · The Chronicle →
The Chamber of Petroleum Consumers has welcomed President Mahama's directive for government to absorb GH¢2 on every litre of diesel as a necessary intervention following sharp price rises, but cautioned that relying on short-term measures risks leaving the underlying fuel price problem unresolved.
3 August 2026 · Joy Online →
Health for The Streets 2026, organized by the Public Health Alliance International Ghana, will deliver free healthcare services, NHIS and Ghana Card registration, and entrepreneurship training to street-connected and underserved youth on August 6, 2026 at the Efua Sutherland Children's Park in Accra.
27 July 2026 · The Ghanaian Times →
Nine of the NDC's 24 national executives hold full-time government positions and were required to resign by June to seek re-election in December 2026 elections, but none have publicly confirmed resignation, raising questions over party compliance with its governance rules.
20 July 2026 · Joy Online →
Star Oil and GOIL have increased petrol prices to GH¢13.67 and GH¢13.88 per litre respectively, with diesel also rising significantly. The increases align with industry projections and price floors set by the National Petroleum Authority.
16 July 2026 · Joy Online →