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GOIL PLC, Ghana’s premier oil and gas marketing firm, is set to significantly boost the country’s liquefied petroleum gas (LPG) storage capacity, announcing a $50 million investment to commission an additional 12,000 metric tons of capacity over the next year.
The move is a strategic response to Ghana’s limited energy infrastructure, which currently provides only two to three weeks of national demand cover, based on a 2024 baseline consumption of 340 million kilograms.
Edward Abambire Bawa, Group CEO and Managing Director of GOIL PLC, emphasized the plan during a panel discussion at Africa Energy Week (AEW): Invest in African Energies 2025. “This storage limitation is a challenge and a prime investment opportunity,” Bawa stated. “Expanding infrastructure is fundamental to unlocking the full monetisation potential of LPG, benefiting producers, distributors, and end consumers alike.”
Infrastructure and Regulatory Focus
GOIL’s commitment extends beyond storage. The company has already launched several Autogas stations across five regions and inaugurated a polymer-modified bitumen terminal in Tema, reinforcing its broad infrastructure development efforts.
The focus on LPG capacity is critical for sustainable development across the continent. Mohammed Amin Naderian, Head of Energy Economics & Forecasting at the Gas Exporting Countries Forum (GECF), noted that monetizing gas requires creating value along the entire supply chain, from production to the household consumer.
However, industry experts caution that infrastructure must be underpinned by sound governance. Sebastian Wagner, Managing Partner at DMWA Resources, and Naderian stressed the need for stable, transparent regulations to de-risk investments and prevent market distortions, echoing a sentiment that policy should act as a catalyst, not the solution itself.
Regional Challenges and Collaboration
The challenges faced by Ghana are mirrored across the continent.
In South Africa, PetroSA CEO Sesakho Magadla noted that LPG demand, driven by population growth, is outstripping infrastructure development. Magadla pointed to new investments in reverse flow pipelines and terminals in Durban as essential steps, emphasising the necessity of close public-private collaboration to improve importation and distribution capacity.
GOIL’s expansion, which also includes innovative business models like digital payment solutions for households, aims to expand access to LPG, especially in rural areas, ultimately strengthening Ghana’s energy security and driving local value creation.
