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The newly appointed Board Chairman of oil marketing giant GOIL Kwamena Bartels has described the indigenous firm as a success story.
Mr. Bartels is taking over from the Prof. William Asomaning-led board whose tenure expired at the firm’s Annual General Meeting in Accra on Thursday, May 18,2017.
The former member of parliament said the new board, under his leadership, will also ensure it injects stiff competition into the sector by ensuring prices of oil drop further at the pumps, which will inure to the benefit of consumers.
“I have seen a lot personally, and after what I saw when I was invited to the company’s event in the Western region last week, I can say that GOIL is in good health.
“I must say I am impressed with the growth of the company. I think the previous leadership of the firm has done well to enhance the prospect of the firm,” he said.
He added: “We are determined to increase our market share from the current 18.3 percent to about 30 percent. If we are able to make oil prices cheap, it will force the other Oil Marketing firms to reduce oil prices”.
GOIL which currently operates about three hundred service stations is hoping to expand its operations to three countries in West Africa soon