Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Ghana Oil Gains to Record-High on Profit Forecast: Accra Mover

Ghana Oil Company Ltd., which operates the second-biggest network of gasoline stations in the West African nation, rose to the highest on record as investors bet first-half profit increased.

The stock increased 2 percent to 51 pesewas by the close in Accra, the capital, the highest since November 2007 when it listed on the Ghana Stock Exchange.

“There is big investor anticipation for the company’s first-half results,” Randy Mensah, a stock trader at Ecobank Development Corp., said by phone. “Our forecast is a 40 percent increase in net income year-on-year and between 25 and 30 percent growth in revenue.”

Confidence in the company, known as Goil, has been renewed since a branding program this year, Mensah said. Goil changed its logo and has been rehabilitating fuel stations. The branding will help boost market share to 35 percent in two years from 23 percent, board member Kojo Bonsu said on May 18.

Goil’s first-half results are expected at any time, Mensah said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.