Ghana Oil Company Limited (GOIL)

1.50
0.00%
0.00
Thu, 28 Mar 2024

Ghana Oil Company Limited (GOIL) is a leading marketer and distributor of petroleum products in Ghana, which was established in 1960. The marketing arm of the company is represented by four zonal offices namely the Zonal Office South (Accra, Tema), Middle Belt (Kumasi), West (Takoradi) and North (Tamale) and its products are distributed via over 169 services stations across the country. GOIL distributes a wide range of petroleum products including diesel, gasoline, premix, kerosene, bitumen, liquid petroleum gas (LPG), lubricants and grease. In 2011, the company moved into high-margin business lines including aviation fuel, supply of fuel to the mines and bunkering service for ocean vessels as well as the establishment of an oil tank farm via a joint venture. There is an on-going expansion of the company's distribution outlets in a bid to get closer to consumers and boost top-line.

  • 1960: Year incorporated
  • 2007: Listed on the Ghana Stock Exchange
  • 2011: Formed a joint venture with Chase Petroleum (50/50) to rehabilitate, expand and operate GOIL's Takoradi Depot
  • 2012: Completed a rebranding exercise, which was well received by customers
  • 2013: Executed a bonus issue in the ratio of 0.2 new shares for every one (1) existing share held
  • 2016: A GHS173.15 million fully underwritten rights issue was oversubscribed by 2.0%
  • 2017 April: Commissions 13.5 million litre bunkering facility at Takoradi Port worth US$50mn

Only members can view this.

Register For Free Now | Already a Member? Login Here

Full NameShareShare Percent (%)
   
GOVERNMENT OF GHANA134,123,59634.23
SOCIAL SECURITY & NATIONAL INSURANCE TRUST97,965,79825.00
BULK OIL STORAGE AND TRANSPORT78,372,62620.00
TXT GROUP B. V.18,928,3004.83
SCBN/ELAC POLICY HOLDERS FUND3,341,5970.85
HOPEFIELD CAPITAL LIMITED2,732,5780.70
SCGN/EPACK INVESTMENT FUND LIMITED2,299,5000.59
MR. VICTOR KODJO V. K. DJANGMAH785,3750.20
SCBN/DATABANK BALANCE FUND LTD.705,0860.18
GES OCCUPATIONAL PENSION SCHEME666,7720.17
STD NOM/METLIFE CLASSIC FUND590,7320.15
HFCN/EDC GHANA BALANCED FUND LIMITED559,4600.14
P. A. K AKORLI522,2180.13
SCGN/ENTERPRISE PIER 2 OCCUPATIONAL516,5710.13
STD NOMS TVL PTY/ENTERPRISE TIER 3516,2510.13
SCGN/GH. MED. ASSOC. PENSION FUND475,3620.12
SIC GENERAL BUSINESS472,2150.12
MR. E. OFORI-SARKWA419,2570.11
SCGN/HSBC BK PLC RE MCKINLEY CPTL365,9000.09
MIHL/GOLD FUND UNIT TRUST342,6000.09
Total for Top 20 Shareholders344,701,79487.96
Full NameShareShare Percent (%)
   
GOVERNMENT OF GHANA134,123,59634.23
SOCIAL SECURITY & NATIONAL INSURANCE TRUST97,965,78225.00
BULK OIL STORAGE AND TRANSPORT78,475,59620.03
STARMOUNT DEVEPLOMENT COMPANY LIMITED22,740,7205.80
HOPEFIELD CAPITAL LIMITED3,707,6380.95
SCBN/ELAC POLICY HOLDERS FUND2,593,9120.66
STD NOM/METLIFE CLASSIC FUND935,7320.24
SCBN/DATABANK BALANCE FUND LTD.705,0860.18
MR. VICTOR KODJO DJANGMAH694,1110.18
SCGN/ENTERPRISE PIER 2 OCCUPATIONAL637,3260.16
HFCN/EDC GHANA BALANCED FUND LIMITED609,4600.16
P. A. K AKORLI522,2180.13
SCGN/GH. MED. ASSOC. PENSION FUND475,3620.12
SIC GENERAL BUSINESS472,2150.12
SCGN/ENTERPRISE LIFE ASSOCTIATION COMPANY421,4850.11
MR. E. OFORI-SARKWA419,2570.11
MR. A. J. ADZEW417,3600.11
MR. G. AMANQUAH415,4330.11
DONEWELL LIFE COMPANY LIMITED368,7310.10
MIHL/GOLD FUNT TRUST311,3000.08
Total for Top 20 Shareholders347,027,77688.56
Full NameShareShare Percent (%)
   
GOVERNMENT OF GHANA134,123,59634.23
SOCIAL SECURITY & NATIONAL INSURANCE TRUST97,965,78225.00
BULK OIL STORAGE AND TRANSPORT78,475,59620.03
STARMOUNT DEVEPLOMENT COMPANY LIMITED22,740,7205.80
HOPEFIELD CAPITAL LIMITED5,610,9631.43
SCBN/ELAC POLICY HOLDERS FUND1,747,9120.45
DATA BROKERAGE LIMITED1,006,9380.26
STD NOM/METLIFE CLASSIC FUND818,2320.21
SCBN/DATABANK BALANCE FUND LTD.705,0860.18
MR. VICTOR KODJO DJANGMAH644,3110.16
P. A. K AKORLI522,2180.13
SCGN/ENTERPRISE TIER 2 OCCUPATIONAL483,4260.12
SIC GENERAL BUSINESS472,2150.12
MR. E. OFORI-SARKWA419,2570.11
MR. A. J. ADZEW417,3600.11
MR. G. AMANQUAH415,4330.11
SCGN/GH. MED. ASSOC. PENSION FUND390,7620.10
DONEWELL LIFE COMPANY LIMITED384,1870.10
ZHAO HAIJUN368,7310.09
MR. A. TWUMASI280,6550.07
Total for Top 20 Shareholders347,993,38088.80
Full NameShareShare Percent (%)
   
GOVERNMENT OF GHANA128,889,62351.10
SOCIAL SECURITY & NATIONAL INSURANCE TRUST46,699,83518.52
PETROGULF GHANA LIMITED12,587,7324.99
THE QUANTUM GROUP LIMITED9,960,6513.95
HOPEFIELD CAPITAL LIMITED8,141,7073.23
MR. DANIEL OFORI1,091,1380.43
SCBN/ELAC POLICY HOLDERS FUND910,9240.36
SCGN/RBC HYPOSWISS (LUX) FUND-AFRICA456,0000.18
SCBN/DATABANK BALANCE FUND LTD.453,8400.18
MR. VICTOR KODJO DJANGMAH412,4400.16
DONEWELL LIFE COMPANY LIMITED384,1870.15
ZHAO HAIJUN368,7310.15
STD NOM/METLIFE CLASSIC FUND341,5400.14
SIC GENERAL BUSINESS300,4210.12
GLICO GEN. INSURANCE COMPANY LIMITED268,6740.11
SCGN/ PETRA ADVANTAGE PORTFOLIO246,8000.10
SCGN/ ENTERPRISE TIER 2 OCCUPATIONAL239,2480.09
HFCN/EDC GHANA BALANCE FUND LIMITED231,9600.09
OPARE-SEM DANIEL KWADWO MR.200,0600.08
SCBN/SAS FORTUNE FUND186,0000.07
Total for Top 20 Shareholders212,459,19184.23
Full NameShareShare Percent (%)
   
GOVERNMENT OF GHANA128,889,62351.10
SOCIAL SECURITY & NATIONAL INSURANCE TRUST46,699,83518.52
THE QUANTUM GROUP LIMITED22,548,3838.94
HOPEFIELD CAPITAL LIMITED8,141,7073.23
MR. DANIEL OFORI1,091,1380.43
SCBN/ELAC POLICY HOLDERS FUND910,9240.36
SCGN/RBC HYPOSWISS (LUX) FUND-AFRICA456,0000.18
MR. VICTOR KODJO DJANGMAH412,4400.16
DONEWELL LIFE COMPANY LIMITED384,1870.15
ZHAO HAIJUN368,7310.15
SCBN/DATABANK BALANCE FUND LTD.347,8400.14
SIC GENERAL BUSINESS300,4210.12
OPARE-SEM DANIEL KWADWO MR.276,8600.11
GLICO GEN. INSURANCE COMPANY LIMITED268,6740.11
HFCN/EDC GHANA BALANCE FUND LIMITED231,9600.09
SCBN/SAS FORTUNE FUND186,0000.07
PROVIDENT LIFE ASSURANCE180,0000.07
ECOBANK GHANA STAFF PROVIDENT FUND177,9060.07
STD NOM/METLIFE CLASSIC FUND168,1400.07
HFC EQUITY TRUST166,0820.07
Total for Top 20 Shareholders212,206,85184.14
Industry

Oil & Gas

Auditors

Pannell Kerr Forster, Chartered Accountants, Farrar Avenue, P.O. Box 1219, Accra.

Secretary

Nana Ama Kusi-Appouh

Registrar

National Trust Holding Company (NTHC)

Solicitors

Registered Office

D 659/4, Kojo Thompson Road, P.O. Box 3183, Accra.

Subsidiaries

GO Energy Ghana Limited