GOIL clears over 90% of GH¢134m debt owed to transporters - Edward Bawa

GOIL PLC has made significant strides in strengthening its operational and stakeholder relationships, having cleared over 90% of the GH¢134 million debt owed to transporters.

The Group Chief Executive Officer and Managing Director, Mr Edward Abambire Bawa, disclosed this development, highlighting the Company’s commitment to financial discipline, operational efficiency, and strong partnerships across the petroleum downstream value chain.

According to Mr Bawa, the repayment forms part of a broader strategy to enhance collaboration with transporters, who play a critical role in ensuring the seamless distribution of petroleum products nationwide. He noted that the timely settlement of obligations is essential to sustaining trust, improving service delivery, and supporting the industry's overall growth.

“This milestone reflects our deliberate efforts to strengthen relationships with our key partners and ensure reliability across our supply chain,” he said.

GOIL’s proactive approach comes at a time when efficiency and resilience remain critical in Ghana’s downstream petroleum sector. By prioritising the settlement of legacy debts, the Company is positioning itself to operate more sustainably while reinforcing confidence among stakeholders.

As Ghana’s leading indigenous oil marketing company, GOIL continues to demonstrate its commitment to excellence, transparency, and value creation. The Company’s renewed focus on operational stability and stakeholder engagement is expected to further enhance its competitiveness and leadership in the industry.