Ghana: Shareholders Of GOIL Approve Nine-Member Board Of Directors

Shareholders of Ghana’s largest indigenous petroleum downstream player, GOIL PLC, have approved the appointment of a new Board of Directors at an Extraordinary General Meeting (EGM) held in Accra.

The shareholders voted overwhelmingly to confirm all the newly appointed Board members on Wednesday, March 19, 2025, at the Movenpick Hotel in Accra.

The new nine-member board is chaired by Nana Philip Archer, a seasoned executive with over 20 years of experience in leadership roles in multinational corporations.

Other board members include: Mr Edward Abambire Bawa, (Group Chief Executive Officer and Managing Director of GOIL), Dr. Thomas Kofi Manu, Dr. Evelyn Lamisi Asuah, Mr. Sylvester Kotey, and Mr. Afetsi Awoonor, Managing Director of Bulk Energy Storage and Transportation Company (BEST) Limited.

Others are Mr Augustine Angaa Dayuo, Dr. Kwamena Minta Nyarku and Professor Peace Mamle Yoko Tetteh.

Speaking after the endorsement of the board, the chairman, Nana Philip Archer, highlighted the achievement of growth and more profitability for GOIL adding that the board will strive to achieve greater return on investment in respect of new projects made by the company.

“We have established state-of-the-art LPG bottling plants and a bitumen plant in Tema. Our plan is to maximize the utilization of these assets, making them sweat,” he said.

The Group Chief Executive and Managing Director, Mr. Edward Abambire Bawa,  noted that the Management team would work towards improving shareholder value and increased dividend payment, which is dear to the heart of every shareholder.

He emphasized that the company would change strategy where needed and improve upon the successes chalked by the previous management.

Source: https://energynewsafrica.com