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

GOIL1.50 ▪ 0.00
2 hours ago
Last Trading ResultsGrowth & Valuation
Opening Price:1.50Earnings Per Share:0.1750
Day's Low Price:--Price/Earning Ratio:8.57
Day's High Price:--Dividend Per Share:0.0450
Traded Volume:5,350Dividend Yield:3%
Number of Deals:--Shares Outstanding:391.86m
Value/Turnover:8,025.00Market Capitalization:587.79m
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 1.50. The GOIL stock closed its last trading day (Friday, October 30, 2020) at 1.50 GHS per share on the Ghana Stock Exchange. GOIL began the year with a share price of 1.70 GHS but has since lost 11.76% off that price valuation, ranking it 24th on the GSE in terms of year-to-date performance. The table below details the last 10 trading days of activity of Ghana Oil Company Limited on the Ghana Stock Exchange.


Profile of Ghana Oil Company Limited

Ghana Oil Company Limited, founded on June 14, 1960, 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 the Oil Equipment & Services industry. The table below gives you an overview of their market standing.

CodeNameMkt. Cap.L. PriceYearTD
TOTALTotal Petroleum Ghana Limited262.90m2.35-21.7%
TLWTullow Oil Plc16.83b11.92-0.17%

Index of African Stock Exchanges:

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

Comments (15)

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

    Please when do you make payout on the shares bought

  2. MoMo
    Aug 5, 2020 09:07 GMT

    Where can I get the performance rankings?

  3. 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.

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

    I want buy shares

  5. 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

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

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

  7. Mildred ObuobiMildred Obuobi
    May 18, 2019 01:12 GMT

    want to buy shares

    1. Seth AmpomahSeth Ampomah
      May 24, 2019 12:56 GMT

      Contact a licensed stock broker.

  8. Reindolf Addai-MensahReindolf Addai-Mensah
    Feb 3, 2019 06:59 GMT

    Please, how can one buy shares in the company?

  9. BERGU MahamaBERGU Mahama
    Apr 26, 2018 16:01 GMT

    Your dividend declared is very bad.
    This will discourage young investors from investing into the indegeneous company . You performed very Weill in the stock market but denied your shareholders due.
    I am a shareholder of Goil but I was not invited for the AGM 2016 and 2017. This issue is a very worrisome thing to me as an investor. I have not seen this before in other companies where I am a shareholder.

    1. NanaNana
      May 24, 2020 13:36 GMT

      Hi please contact me on 0504192266 and let’s talk about this.

  10. BerylBeryl
    May 16, 2016 06:05 GMT

    Michael, just looking for your opinion... For a partly-owned state company, GOIL appears to demonstrate strong performance and seems to be well managed. Do you have any thoughts on the long-term potential of the company? Thanks! (Great job on the website)

    1. Michael KwayisiMichael Kwayisi
      May 16, 2016 12:03 GMT

      In a year when fuel prices took a downward trend, it's remarkable that GOIL recorded 10.4% after-tax profit (GHS 22.21m) for the 2015 fiscal year. In fact, the company's fuel sales exceeded their own projections by ~20% and currently holds 17% market share of the oil marketing industry among 80+ competitors. So, yes, the company is doing well.

      But like most other big corporations, one simply cannot expect them to grow in an upsurge fashion because they hardly innovate. For instance, the company's current focus is on forming joint-venture partnerships and taking over distressed competitor stations and acquiring new ones. Then what? That's all? Indeed, GOIL is in good shape, and will continue its steady growth for the foreseeable future, but I don't expect a sharp one.

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