Ghana Oil which is popularly known as GOIL is a marketing company, with industrial and commercial operations in petroleum products and lubricants in Ghana.
It is popularly known to be a government owned company but the government of Ghana only owns 34.2% of the total shares. Let us find out the names of agencies that own the rest of the shares
#1. Social Security and National Insurance Trust(SSNIT)
SSNIT owns 25% of Ghana Oil. It happens to be the second agency with most shares aside the government of Ghana.
#2. Bulk Oil Storage and Transportation Company Ltd.
This big company also owns 20% of the total shares in GOIL.
#3. Patrick Kingsley-Nyinah
Kingsley-Nyinah is the single largest individual shareholder in the state-owned oil company. The Ghanaian businessman was previously a board member of the Ghana Stock Exchange’s Agricultural Development Bank of Ghana. He happens to have 4.39% of the company.
#4. Enterprise Life Association Co.
This big company also has 1.03% of the total shares in Goil.
#5. Databank Asset Management Services ltd.
Databank also has 0.77% shares in the company of Goil.
#6. Hopefield Capital ltd.
Hopefield has a total of 0.70% shares in the Goil company.
#7. Enterprise Tier 3 Provident Fund Scheme
This enterprise has just 0.40% shares in Goil.
#8. Cedar Provident Fund
Our the profit made by Goil, Cedar will be given a share of 0.21%. It has 0.21% in the Goil.
#9. Victor Djangmah
Victor seems to have the least share in Goil company. He seems to have 0.19% shares in the oil business.
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Social Security and National Insurance Trust(