Indigenous ISO-certified oil marketing company that listed on Ghana's Fixed Income Market with a GH₵200 million Note Issuance Programme in August 2026.
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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 sectorJoy Online
The Multimedia Group, Ghana’s foremost private media conglomerate, has paid a courtesy call on the management of Petrosol Platinum Energy PLC, reaffirming the two companies’ commitment to strengthening their partnership as the oil marketing company prepares to list its corporate …
Multimedia Group pays courtesy call on Petrosol ahead of corporate bond listingJoy Online
PETROSOL Platinum Energy PLC, one of the leading oil marketing companies has received approval from the Ghana Stock Exchange and the Securities and Exchange Commission to raise long-term capital through the Ghana Stock Exchange, Managing Director Michael Bozumbil said. …
PETROSOL secures approval to raise capital on Ghana Stock ExchangePetrosol 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 →
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 →
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 →
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 →
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 →
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 →
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 →
The Ghana Investment Promotion Authority chief executive has encouraged Ghanaian businesses to leverage the capital market for long-term financing, corporate governance, and sustainable growth, citing it as an alternative to address private sector financing challenges. He highlighted PETROSOL Platinum Energy PLC's admission to the Ghana Fixed Income Market under a GHS200 million bond programme as an example of how local businesses can strengthen competitiveness through capital market financing.
25 August 2026 · Joy Online →
Investors in Ghana Stock Exchange-listed companies received GH¢37 billion in dividends over the past 12 months, while corporate bond and commercial paper investors earned nearly GH¢800 million in coupons, the GSE Managing Director disclosed at the Petrosol Platinum Energy listing ceremony.
24 August 2026 · Joy Online →
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 →
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 →
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 →
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 →
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 →