GOIL PLC, Ghana’s leading oil and gas marketing company, has disclosed the country’s plan to commission an additional 12,000 metric tons of liquefied petroleum gas (LPG) storage capacity in the next year, anchored by a $50 million investment.
According to the company, the plan is based on the challenges presented by limited LPG infrastructure, especially in rural areas. GOIL expressed its commitment to expanding access through well-designed policies, greater investment, and innovative business models, including digital payment solutions that cater to household cash flows.
The Group CEO and Managing Director of GOIL PLC, Edward Abambire Bawa, in a panel at Africa Energy Week (AEW): Invest in African Energies 2025, stated that the company was spearheading a transformative expansion in LPG storage capacity to address growing domestic demand and to strengthen the country’s energy security.
Guided by the 2024 baseline consumption of 340 million kilograms of LPG sold nationally, this strategic expansion aims to bridge critical supply gaps where current storage capacities only cover two to three weeks of national demand. “This storage limitation is a challenge and a prime investment opportunity. Expanding infrastructure is fundamental to unlocking the full monetisation potential of LPG, benefiting producers, distributors, and end consumers alike,” Bawa added.
GOIL’s recent initiatives demonstrate a broad commitment to infrastructure development. This includes the launch of multiple Autogas stations across five regions nationwide, including Accra and Kumasi. Additionally, the inauguration of a polymer-modified bitumen terminal in Tema aims to support related energy needs. The company’s distribution network spans across Ghana, servicing diverse consumer segments while maintaining sustainable growth and investment partnerships.
