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Saturday, 29 August 2026
Ghana’s news, on the hour · Est. 2026
Saturday, 29 August 2026
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Ghanaian press · Person

Michael Bozumbil

Also known as: Mr Bozumbil

Michael Bozumbil — CEO of Petrosol Platinum Energy PLC, highlighting the company's 12-year growth in Ghana's petroleum sector.

2026-08-072026-08-29

In coverage

Verbatim sentences from the source article.

  1. August 2026
  2. Joy Online

    Petrosol CEO Michael Bozumbil says the company’s rapid growth in Ghana’s highly competitive and regulated downstream petroleum sector has been driven by integrity, financial discipline and strong governance.

    Petrosol has never defaulted on bank support in 12 years, says CEO
  3. Joy Online

    Petrosol CEO Michael Bozumbil says trust, integrity and financial discipline have been central to the company’s rapid growth in Ghana’s highly competitive petroleum industry.

    Petrosol CEO Michael Bozumbil explains how trust fuelled company’s growth
  4. Joy Online

    Petrosol CEO Michael Bozumbil says the company has focused on building a sustainable and enduring indigenous brand despite operating in a highly competitive and capital-intensive industry.

    We have been putting every effort into building a sustainable brand, says Petrosol’s Bozumbil
  5. Joy Online

    Chief Executive Officer of Petrosol, Michael Bozumbil, says consumers should not expect an increase in fuel prices in the first pricing window of September.

    Ghana’s fuel deregulation begins to pay off as global oil prices fall
  6. Joy Online

    Petrosol CEO Michael Bozumbil says consumers should not expect an increase in fuel prices when the next pricing window begins.

    Fuel prices set to hold as cedi stability and lower crude ease pressure on consumers
  7. Joy Online

    Chief Executive Officer of Petrosol, Michael Bozumbil, says the company expects fuel prices to remain stable in the next pricing window.

    Stable cedi, lower crude set stage for cheaper fuel – Petrosol CEO
  8. Joy Online

    e are proud to bring PETROSOL to the Ghana Fixed Income Market of the Ghana Stock Exchange on the strength of that credibility, and the Board will hold Management to the same discipline in ensuring these proceeds are applied exactly as promised to our investors.” Michael Bozumbil

    PETROSOL’s maiden GH₵100m corporate bond oversubscribed
  9. Joy Online

    Speaking at the listing ceremony, Chief Executive Officer and founder of Petrosol Platinum Energy, Michael Bozumbil, said the company turned to the capital market as part of efforts to strengthen its financial position and finance its next phase of growth.

    Petrosol lists GH¢200m note programme on Ghana Fixed Income Market to fund expansion
  10. Joy Online

    Industry voices have been unusually direct about it this year. “[Many OMCs] significantly reduce their profit margins — or, in some cases, sell at zero or even negative margins — to compete for market share,” Michael Bozumbil, CEO, PETROSOL Platinum Energy PLC, June 2026.

    State of the downstream: A quarterly briefing on Ghana’s downstream petroleum sector
  11. Joy Online

    The Multimedia Group team was received by Petrosol Chief Executive Officer, Mr Michael Bozumbil, and members of the company’s management team.

    Multimedia Group pays courtesy call on Petrosol ahead of corporate bond listing

Yesterday

  1. Petrosol CEO credits integrity and discipline for 12-year growth

    Petrosol CEO Michael Bozumbil says the company has never defaulted on bank support in 12 years, attributing its rapid growth in Ghana's downstream petroleum sector to values-based business practices, integrity, and financial discipline that earned supplier and regulator trust.

    28 August 2026 · Joy Online

  2. Petrosol CEO credits trust and discipline for company growth

    Petrosol CEO Michael Bozumbil says the company's rapid growth in Ghana's petroleum industry stems from building a values-based business centred on trust, integrity, and financial discipline. He explained that the company's reputation allowed it to access petroleum products on credit despite starting with limited capital, with suppliers willing to supply without collateral because the company's name served as a guarantee.

    28 August 2026 · Joy Online

  3. Petrosol CEO highlights 12-year focus on sustainable indigenous brand

    Petrosol CEO Michael Bozumbil said the company has built a sustainable and enduring indigenous brand over 12 years through strong industry practices, quality products, and tax and regulatory compliance, supported by a young Ghanaian workforce.

    28 August 2026 · Joy Online

  4. Ghana's deregulation framework showing benefits as oil prices decline

    Ghana's fuel deregulation is delivering clearer benefits to consumers amid falling global oil prices and relative cedi stability, with Petrosol's CEO stating consumers should not expect a fuel price increase in September's first pricing window, attributing stability to both international prices and local currency strength.

    28 August 2026 · Joy Online

  5. Fuel prices expected to hold steady amid cedi stability

    Petrosol CEO Michael Bozumbil says fuel prices are expected to remain stable in the next pricing window, driven by a stable Ghana cedi and lower international crude oil prices, though he stopped short of predicting a reduction.

    28 August 2026 · Joy Online

  6. Stable cedi and lower crude prices may hold fuel costs steady

    Petrosol's CEO says falling international crude prices and Ghana cedi stability suggest fuel prices will remain stable in the next pricing window, with consumers unlikely to see an increase. He noted that both international petroleum prices and cedi stability are key factors determining whether reductions in global prices translate to cheaper fuel for consumers.

    28 August 2026 · Joy Online

Monday 24 August

  1. PETROSOL's GH₵100m maiden corporate bond 178% oversubscribed

    PETROSOL Platinum Energy PLC, an ISO-certified indigenous oil marketing company, has received 178% subscription for its maiden GH₵100 million corporate bond, with combined bids of GH₵178.074 million. The 4-year tranche attracted 229% subscription and the 5-year tranche drew 128% subscription, and the company plans to raise the remaining GH₵100 million from its approved GH₵200 million Note Issuance Programme.

    24 August 2026 · Joy Online

  2. Petrosol lists GH¢200m note programme on fixed income market

    Petrosol Platinum Energy Plc has listed two series of notes under its GH¢200 million Note Programme on the Ghana Stock Exchange's Ghana Fixed Income Market to fund expansion, comprising a four-year note with 16.25% annual coupon and a five-year note with 17% coupon. The company plans to deploy the funds to expand existing operations, improve products and services, increase market share, expand retail operations, and invest in renewable energy.

    24 August 2026 · Joy Online

Wednesday 19 August

  1. August fuel price shock exposes weakness in some operators

    Ghana's National Petroleum Authority raised fuel price floors in August 2026 — petrol 9.4%, diesel 18.3%, LPG 8.5% — citing Brent crude pressure and cedi weakness. The price shock revealed disparities in how oil marketing companies absorb margin pressures, a structural issue tied to Ghana's fuel import bill being dollar-denominated.

    19 August 2026 · Joy Online

Tuesday 18 August

  1. Multimedia Group visits Petrosol as oil firm prepares bond listing

    The Multimedia Group paid a courtesy call on Petrosol Platinum Energy PLC to strengthen their partnership ahead of the oil marketing company's corporate bond listing on the Ghana Stock Exchange. Petrosol has received regulatory approval from the GSE and Securities and Exchange Commission to raise capital through bonds beginning Monday, with an expected equity listing to follow later.

    18 August 2026 · Joy Online

Friday 7 August

  1. PETROSOL receives approval to list and raise capital

    PETROSOL Platinum Energy PLC has received approval from the Ghana Stock Exchange and the Securities and Exchange Commission to raise long-term capital on the Ghana Stock Exchange. The company plans to use proceeds for expansion including investments in renewable energy, solar power, and electric vehicle charging infrastructure.

    7 August 2026 · Joy Online

Michael Bozumbil — Ghanaian press coverage · Ghana Minute