… After hours of torrential rain submerged the Kwame Nkrumah Circle area, floodwaters carrying a film of fuel reached a GOIL filling station where hundreds had taken shelter. …
… 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. …
… 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. …
… 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. …
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Oil Marketing Companies have begun reducing fuel prices following industry projections and NPA price floor announcements. GOIL has cut petrol from GH¢13.87 to GH¢12.79 per litre and diesel from GH¢15.95 to GH¢15.35 per litre, with other major players expected to follow.
On June 3, 2015, heavy rainfall flooded parts of Accra, forcing hundreds to seek shelter at a GOIL filling station near Kwame Nkrumah Circle interchange, where an explosion killed hundreds in one of Ghana's deadliest urban tragedies. The article reflects on underlying causes—clogged drains, poor planning, uncontrolled development, weak building regulation enforcement, and waste disposal—that experts and authorities had warned about but were not addressed.
Accra continues to experience severe flooding in the same areas—including Weija, Kasoa, Dansoman, and Lakeside—a pattern documented since at least 1960. Credible studies identify five persistent causes: the city's low-lying geography, settlements built on floodplains and drainage channels, drains clogged with plastic and sachet-water bags, outdated drainage infrastructure, and unenforced zoning and wetland-protection laws.
Oil Marketing Companies including GOIL and Zen Petroleum have reduced petrol and diesel prices in line with Ghana's bi-weekly fuel price review, following the National Petroleum Authority's announcement of lower price floors for the June 16–30 pricing window.
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.