African Stock Exchanges

GOIL - Ghana Oil Company Limited

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GOIL share price on Ghana Stock ExchangeGOIL share price on Ghana Stock Exchange

Ghana Oil Company Limited, popularly known as GOIL, is a Ghanaian oil and gas company. It was incorporated as a private limited liability company in June 1960 as AGIP Ghana Company Limited. The company changed its name to Ghana Oil Company Limited in 1976 subsequent to the Government of Ghana’s acquisition of the shares of AGIP SPA and Hydrocarbons Int. GOIL was eventually converted into a public company in 2007, followed by a comprehensive overhaul of the company’s brand and corporate culture in 2012. This brought about revamping of existing stations as well as the expansion of the number of service stations.

GOIL’s main business is the marketing and distribution of petroleum products in Ghana with the biggest chunk of its sales coming from the sale of diesel and gasoline. However, the energy company is actively seeking to move beyond the current frontiers to marketing and distribution of energy products in general.

Ghana Oil Company Limited is listed on the Ghana Stock Exchange (GSE) since November 16th, 2007. Ghana Oil is traded on the GSE under the ticker symbol “GOIL”. The International Securities Identification Number (ISIN) of GSE:GOIL is GH0000000722. Ghana Oil Company Limited is currently the 12th most valuable stock on the GSE with a market capitalization of GHS 647 million, which is about 0.982% of the Ghana Stock Exchange equity market.

GOIL1.65 ▪ 0.00
4 hours ago
Last Trading Results
Opening Price
Day’s Low Price
Day’s High Price
Traded Volume526
Number of Deals
Gross Turnover
Growth & Valuation
Earnings Per Share0.3245
Price/Earning Ratio5.08
Dividend Per Share0.0560
Dividend Yield3.39%
Shares Outstanding392M
Market Capitalization647M
Monetary values are quoted in Ghana Cedi (GHS) unless otherwise stated

GOIL Stock Market Performance


The current share price of Ghana Oil Company Limited (GOIL) is GHS 1.65. GOIL closed its last trading day (Thursday, June 1, 2023) at 1.65 GHS per share on the Ghana Stock Exchange (GSE). Ghana Oil began the year with a share price of 1.72 GHS but has since lost 4.07% off that price valuation, ranking it 29th on the GSE in terms of year-to-date performance.

Ghana Oil Company is the 10th most traded stock on the Ghana Stock Exchange over the past three months (Feb 28 - Jun 1, 2023). GOIL has traded a total volume of 275,460 shares valued at GHS 452,283 over the period, with an average of 4,372 traded shares per session. A volume high of 93,543 was achieved on March 15th for the same period. The table below details the last 10 trading days of activity of Ghana Oil on the Ghana Stock Exchange.


Profile of Ghana Oil Company Limited

Ghana Oil Company Limited was founded on June 14, 1960 and operates in the Oil & Gas sector, specifically, the Oil Equipment & Services industry. The company is led by Patrick A. K. Akorli as its Group CEO & Managing Director. The company's board of directors, chaired by Kwamena Bartels, is composed of 10 members whose names are listed below.

  1. Bartels, Kwamena
  2. Akorli, Patrick A. K.
    Group CEO & Managing Director
  3. Kusi-Appouh, Nana Ama
    Board Secretary
  4. Prempeh, Kwame Osei (Hon.)
    Board Member
  5. Prempeh, Beatrice Agyeman (Mrs.)
    Board Member
  6. Baafour-Gyimah, Rhoderline (Mrs.)
    Board Member
  7. Williams, Beauclerc Ato
    Board Member
  8. Tengan, Stephen
    Board Member
  9. Amankwah, Robert Owusu
    Board Member
  10. Manu, Thomas Kofi
    Board Member

Factsheet of Ghana Oil Company Limited

Oil & Gas
Oil Equipment & Services
Hse. No. D 659/4, Junction of Kojo Thompson and Adjaben Roads, Tudu, Accra, Ghana
+233-302-688-214, +233-302-688-215, +233-302-688-217

GOIL Industrial Market Competitors

Ghana Oil Company Limited, issuers of the GOIL stock on the Ghana Stock Exchange, have two market competitors who are also engaged in the Oil & Gas sector and/or Oil Equipment & Services industry. The table below presents an overview of their market standing.

CodeNameM. Cap.CloseYTD
TOTALTotalEnergies Marketing Ghana722M6.45+61.3%
TLWTullow Oil Plc17.2B11.92

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange


  1. Eric Yaw EsselEric Yaw Essel
    Jun 16, 2022 19:16 GMT

    Please where can l buy your shares l strongly need some to buy.

  2. Evans appiahEvans appiah
    Feb 5, 2022 21:44 GMT

    How do I sell my shares?

  3. Success EsinamSuccess Esinam
    Jan 20, 2021 20:29 GMT

    please i want to buy shares
    whats the process involved

  4. Appiah JefferyAppiah Jeffery
    Dec 1, 2020 11:30 GMT

    Want to buy shares

  5. Demanya RedeemerDemanya Redeemer
    Oct 17, 2020 23:53 GMT

    Please when do you make payout on the shares bought

    1. McGuireMcGuire
      Mar 26, 2021 23:05 GMT

      I wanted to ask a question how do i purchase Goil shares ??

  6. MoMo
    Aug 5, 2020 09:07 GMT

    Where can I get the performance rankings?

  7. Queen Alberta AguadzeQueen Alberta Aguadze
    Apr 23, 2020 14:56 GMT

    Please, how much does a share cost??

    1. Jay TagoeJay Tagoe
      Apr 23, 2020 16:27 GMT

      GOIL shares are ¢1.64 per share, but you need to buy a minimum of 100 shares so you need a minimum amount of ¢164.

  8. Noah Owusu AsareNoah Owusu Asare
    Apr 13, 2020 20:19 GMT

    I want buy shares

  9. EbenezerEbenezer
    Dec 22, 2019 12:29 GMT

    Please how can I benefit from the stock market whether the indices are low or high for companies

  10. Kombat Zuuk SamuelKombat Zuuk Samuel
    Oct 15, 2019 03:30 GMT

    Please when is the last day of the selling of your shares

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