GOIL PLC, Ghana’s largest indigenous oil marketing company, has announced plans to commission an additional 12,000 metric tons of liquefied petroleum gas (LPG) storage capacity, marking a major step toward strengthening the country’s energy infrastructure and improving supply stability.
According to company officials, the expansion will enhance GOIL’s capacity to meet the growing domestic demand for LPG, a key household and industrial fuel in Ghana’s energy mix.
The new facility, expected to be commissioned by the end of the year, will complement the company’s existing storage installations and increase total national reserve levels significantly.
Industry analysts say the move is timely, as Ghana’s LPG consumption has been rising steadily due to government campaigns promoting clean cooking energy and the private sector’s expansion into rural distribution networks.
Mr. Kwame Osei-Prempeh, Group Chief Executive Officer of GOIL, said the company’s investment aligns with its long-term strategy to improve national energy security and position itself as a regional player in the downstream petroleum sector.
“Our goal is to ensure an uninterrupted supply of LPG to Ghanaian homes and businesses while maintaining the highest safety and environmental standards,” he stated.
The project, which is being executed in partnership with key technical and logistics firms, is expected to generate new employment opportunities during the installation and operational phases.
GOIL’s expansion is also seen as a positive signal to investors in Ghana’s downstream oil and gas industry.
Energy experts note that increased storage capacity will minimize periodic shortages, stabilize prices, and reduce reliance on imports from neighboring markets.
This initiative comes at a time when the government is encouraging private investment in energy infrastructure to support Ghana’s transition toward cleaner and more reliable fuel systems.
