Finance

GOIL Boss Calls for Fair Fuel Import Permits to Strengthen National Service

GOIL Chief Executive Officer and Managing Director, Edward Abambire Bawa, has called on regulators to ensure fair and timely allocation of petroleum import permits, known in the sector as laycans, to enable the company to continue fulfilling its national service mandate effectively. Speaking at a...

The High Street Journal

published: Jul 19, 2025

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GOIL Chief Executive Officer and Managing Director, Edward Abambire Bawa, has called on regulators to ensure fair and timely allocation of petroleum import permits, known in the sector as laycans, to enable the company to continue fulfilling its national service mandate effectively.

Speaking at a dealer engagement forum in Takoradi, Mr. Bawa emphasised that GOIL’s strategic role in Ghana’s energy security is under threat due to operational bottlenecks that do not affect its private competitors.

“GOIL goes where others won’t because there’s a hospital, a school, or a community in need. But when laycan allocations are delayed or denied, it affects our ability to deliver fuel to these vital institutions and underserved regions.” he stated.

As a state-majority-owned company, GOIL balances profitability with national development goals, operating in remote, low-profit areas that others avoid. Mr. Bawa warned that unless fuel import permits are fairly distributed, the company’s competitiveness could suffer in Ghana’s liberalised petroleum market.

“We are not asking for favours, just fairness. If GOIL is expected to serve the nation wherever needed, then fuel import allocations must reflect that responsibility.” he said.

His comments come amid intensifying competition and tightening supply chains in the downstream petroleum sector. Mr. Bawa believes resolving inequities in laycan allocation will enhance GOIL’s ability to maintain high product quality, supply consistency, and public trust.

Reaffirming GOIL’s reputation as Ghana’s dependable fuel brand, he told dealers, “GOIL is what it is today because of the people behind it our dealers, staff, and loyal customers. You are the reason GOIL continues to stand tall.”

He highlighted the company’s enduring brand recognition nationwide, built not only on competitive prices but also on reliability.

“Wherever you go across the country, our brand is recognized not just for our prices, but for our consistency and dependability,” he said.

GOIL Boss Calls for Fair Fuel Import Permits to Strengthen National Service

Looking ahead, Mr. Bawa announced plans to renovate 270 fuel stations across Ghana by December 2025 as part of a broader modernisation strategy. In the Western Region alone, 30 out of 50 dealer-managed outlets have already been earmarked for upgrades.

“This initiative goes beyond aesthetics. It’s about ensuring our stations are fully equipped, attractive, and capable of offering world-class services at competitive prices.” he explained.

He also revealed ongoing high-level engagements with the Presidency to secure additional petroleum supply volumes to deliver more affordable, steady fuel across Ghana.

As part of GOIL’s digital transformation, Mr. Bawa announced the rollout of a new platform enabling dealers to access their account balances and monthly statements in real-time.

“No more waiting for updates from middle-level staff you’ll be able to log in and view your statement anytime,” he assured.

He concluded with optimism about GOIL’s future: “There is light at the end of the tunnel. GOIL is not just a business it’s a legacy. Together, we’ll build a company that is modern, trusted, and proudly Ghanaian.”

The dealer forum forms part of a nationwide stakeholder consultation series aimed at strengthening partnerships, driving growth, and enhancing customer satisfaction within the GOIL network.

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