Business News of Tuesday, 17 March 2026Source: www.ghanaweb.comState-owned oil marketer GOIL PLC was drowning in debt to its sole supplier, BP, the Chief Executive Officer Edward Bawa has disclosed. Bawa noted that GOIL repeatedly failed to settle invoices on time, forcing the company to buy petroleum products at high premiums. The debt owed to BP alone was about $110 million,” he disclosed. After years of financial strain, GOIL PLC has significantly reduced its debt to BP by slashing arrears from $110 million to $30 million. Meanwhile, fuel prices have seen slight increases at various pumps including GOIL.

Source: GhanaWeb March 17, 2026 12:31 UTC