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GOIL's debt mountain rises amid strategic investments
CompanyJan 31, 2026

GOIL's debt mountain rises amid strategic investments

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Ghana Oil Company Limited (GOIL PLC) has posted a resilient yet nuanced financial performance for the year ended December 31, 2025, as detailed in its latest unaudited statements.

The state-owned oil marketing giant saw its Group profit after tax inch marginally higher to GH¢85.9 million, up from GH¢84.7 million in 2024, even as total revenue declined by approximately 12 per cent to GH¢17.1 billion.

A deeper analysis of the financial position reveals a significant expansion of the company's total assets, which grew by over GH¢419 million to reach GH¢5.23 billion.

However, this growth is shadowed by a substantial increase in liabilities, particularly short-term obligations.

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GOIL's debt mountain rises amid strategic investments | Company News