The Managing Director of Ghana Oil Company Limited, Edward Bawa, says government agencies are making steady progress in settling debts owed to the company, helping to gradually improve its financial position.
Mr. Bawa noted that although some arrears remain outstanding, efforts by many institutions to clear their obligations are beginning to yield results.
“People owe us and we also owe people. Most agencies are trying to settle debts, and we are working to ensure we stay liquid at all times,” he said.
He emphasised that maintaining liquidity remains critical to GOIL’s operations, as the company continues to manage its financial commitments while ensuring steady service delivery across the country.
Mr. Bawa made the remarks after visiting the GOIL filling station at 37 in Accra as part of activities marking GOIL Pride Day, held in celebration of Ghana Month.
GOIL Pride Day is aimed at strengthening engagement with customers and staff while promoting the company’s brand as a proudly Ghanaian oil marketing firm.
The initiative also highlights GOIL’s commitment to national development and its role in supporting the country’s energy needs.
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