The Ghana Oil Company (GOIL) is set to highlight its investment strategies and expansion plans at the upcoming Invest in African Energies: Accra Investor Briefing on April 14, 2025, at the Kempinski Hotel, Accra.
The event, designed to attract global investors, will provide insights into Ghana’s energy sector, focusing on upstream, midstream, and downstream developments.
Edward Abambire Bawa, Group CEO and Managing Director of GOIL, will be among the key speakers at the briefing, where he will present GOIL’s efforts to bolster fuel security, modernize infrastructure, and improve petroleum product distribution.
NJ Ayuk, Executive Chairman of the African Energy Chamber, emphasized GOIL’s role in transforming Ghana’s energy landscape.
“GOIL continues to make significant strides toward strengthening the entire oil and gas value chain in Ghana.
“The company is committed to working more closely with international partners to modernize energy infrastructure, boost petroleum product distribution, and scale up capacity building across the downstream sector.”
NJ Ayuk, Executive Chairman of the African Energy Chamber
At the heart of GOIL’s investment strategy is a commitment to reducing petroleum imports by scaling up domestic infrastructure.
The company has consistently pursued modernization efforts aimed at improving efficiency across the oil and gas sector.
The Accra Investor Briefing serves as a precursor to the African Energy Week (AEW) 2025 conference, which is scheduled to take place in Cape Town from September 29 to October 3.
This conference will showcase Africa’s oil and gas opportunities, from exploration projects to infrastructure development and investment openings.
GOIL to Drive Downstream Growth
As Ghana positions itself as a regional energy hub, the role of GOIL in the downstream petroleum industry is becoming increasingly prominent.
In a series of infrastructure milestones, GOIL inaugurated its third service station in Berekum in February 2025, further extending its reach within the Upper Middle Belt Zone.
The company has also introduced innovations such as Super XP fuel, reintroduced in August 2024, and launched autogas stations in five regions in February 2024 to meet growing demand for cleaner fuel alternatives.
Another landmark development came in September 2024 when GOIL, in collaboration with Ivory Coast’s Société Multinationale de Bitumes, opened a $40 million bitumen terminal and production plant in Tema.
The facility, with a capacity of 7,500 metric tons, produces polymer-modified bitumen and bitumen emulsions.
The site includes advanced laboratory testing and storage facilities, ensuring quality control and consistent supply for Ghana’s booming road construction sector.
GOIL’s extensive fuel station network and strategic partnerships with global and local stakeholders have cemented its reputation as a critical player in Ghana’s energy landscape.
From the supply of aviation fuel at Kotoka International Airport, Takoradi Airforce Base, and Kumasi Airport to jet fuel exports, the company is expanding its footprint and diversifying its offerings.
Through collaborations with international stakeholders, GOIL is also exporting jet fuel to foreign markets, ensuring greater supply chain connectivity within West Africa.
“GOIL’s projects and forward-looking development strategy exemplify the proactive steps needed across the country to attract investment and enhance the value chain.”
NJ Ayuk, Executive Chairman of the African Energy Chamber
The Invest in African Energies: Accra Investor Briefing will provide GOIL and other state-owned enterprises the opportunity to share updates on major projects and upcoming investment opportunities.
Stakeholders will discuss strategic areas of collaboration, outlining how Ghana’s energy sector can attract new investments and promote sustainable development.
During the event, CEO Edward Bawa will present GOIL’s vision for infrastructure expansion, emphasizing the critical need for increased investments to bolster Ghana’s economic growth and energy security.
As Ghana continues to drive development in its downstream oil and gas industry, government policies are aimed at enhancing fuel security through advancements in LPG, aviation fuels, and distributed fuel products.
GOIL remains at the forefront of these initiatives, playing an instrumental role in strengthening Ghana’s downstream sector.
The April 14 event in Accra will serve not only as a platform for investment dialogue but also as a symbol of Ghana’s commitment to shaping the future of energy in West Africa.
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