You are here: HomeBusiness2019 06 25Article 758108

Business News of Tuesday, 25 June 2019

Source: EOP

Asantehene urges Ghana to support GOIL

The Asantehene, Otumfuo Osei Tutu II, has urged the Ghanaian public to continue to patronize GOIL fuels, and products for the loyal service the company has rendered to the nation.

“GOIL is for all of us Ghanaians and we must help for the company to flourish, and any work belonging to us Ghanaians we should make it successful because same Ghanaians are employed to work for such a company. Also the profits remains in the country,” he admonished.

The Otumfuo made this statement at the official opening of an ultra-modern office complex in Kumasi.

The modern 75-capacity office has cash booths, a fire-fighting arena fitted with modern equipment and other ancillary facilities, will serve the middle belt and upper middles belt zones of the company’s operations.

The Asante King, lauded the achievements of GOIL to stay atop the oil marketing business despite stiff competition from international companies.
He praised GOIL particularly for salvaging the unregulated surge in oil prices by creating a benchmark pricing here in Ghana.

“I will applaud GOIL because they have been able to compete with international market, and have sustained prices for us Ghanaians. The reason am here is because some years back if I could recall the prices of fuel was not stable and the other oil marketing companies in Ghana were quoting higher prices, only GOIL was the company that was able to stabilize the prices of fuel in Ghana for us Ghanaians to make purchase of fuel.”

Otumfuo Osei Tutu entreated Ghanaians, should support other local companies like GOIL and initiatives that would sustain the country’s economy.

He also encouraged GOIL Company Ltd, as the premier indigenous oil marketing company, to continue to create jobs for the large chunk of the Ghanaian youth.

“I would like to thank the management of GOIL to continue with the good job, and create more opportunity for the youth to get jobs to do.”

The Acting Managing Director of GOIL, Kwame Osei-Prempeh, who has taken over from Patrick Akorli, on the side lines of the ceremony, updated the public that GOIL is expanding their services beyond oil marketing, which includes a soon to start bitumen depot, as well as an LPG recirculation plant and also GOIL would undertake upstream oil exploration in collaboration with ExxonMobil.

“In some few weeks from now, we are going to cut the tape for the construction of a new bitumen depot in Tema. And we are starting an LPG re-circulation plant in Tema and Kumasi, which is starting the end of this month. And we are moving upstream with ExxonMobil,” he updated.