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GOIL - Ghana Oil Company Limited

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GOIL on Ghana Stock Exchange. Stock analysis for Ghana Oil Company Limited including share price chart, dividend and company profile.Stock summary for GOIL on the Ghana Stock Exchange

Ghana Oil Company, also known as simply GOIL, is a Ghanaian oil and gas company. It was incorporated as a private limited liability company on June 14, 1960 as AGIP Ghana Company Limited. The company changed its name to Ghana Oil Company Limited in 1976. On August 1, 2007 the company adopted new regulations and was converted into a public company. The company's main business is marketing and distribution of petroleum products in Ghana. The biggest chunk of its sales comes from sale of diesel and gasoline.

GOIL2.30 ▪ 0.00 (0%) 21 hours ago
Last Trading ResultsGrowth & Valuation
Opening Price:2.30Earnings Per Share:--
Day's Low Price:--Price/Earning Ratio:--
Day's High Price:--Dividend Per Share:--
Traded Volume:20,793Dividend Yield:--
Number of Deals:--Shares Outstanding:391.86m
Value/Turnover:--Market Capitalization:901.28m

Monetary values are quoted in Ghana Cedi (GHS) unless otherwise stated

GOIL Market Performance

DateVolumeOpenCloseChange% Chg.

Profile of Ghana Oil Company Limited

Ghana Oil Company Limited operates in the Oil & Gas sector.

Factsheet of Ghana Oil Company Limited
Oil & Gas
P. O. Box GP 3183, Accra

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. Ghana Stock Exchange
  3. Malawi Stock Exchange
  4. Nairobi Securities Exchange
  5. Nigerian Stock Exchange
  6. Zimbabwe Stock Exchange

Comments (3)

  1. 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.

    2. BerylBeryl
      May 27, 2016 06:48 GMT

      Thanks, Mike!

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