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Group Chief Executive Officer (CEO) of Ghana Goil Company (GOIL), Mr Patrick Akorli
Group Chief Executive Officer (CEO) of Ghana Goil Company (GOIL), Mr Patrick Akorli

GOIL going upstream; a venture or an adventure?

News about the leading and indigenous oil marketing company, GOIL venturing into the upstream sector of the industry, could be a feather in the cap of local content participation as well as inclusive growth. Because it will lead to a significant increase in Ghana’s participation in this God-given resource.


Although the upstream is considered one of the very profitable areas, high returns normally comes with a high risk. And success downstream is no guarantee for success upstream. Only sound commercial interest and goals could guide such a journey upstream.

Goil can be said to be one of the few businesses with significant state shareholding that has been doing consistently well over the past decade if not more.

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It has posted impressive performance year-in, year-out, as a result of improved corporate governance practices, good strategies, hardworking staff, and general commitment to excel.

Its annual profit which

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