Petrosol Platinum Energy PLC has listed a GH¢100 million bond on the Ghana Fixed Income Market of the Ghana Stock Exchange (GSE), a milestone the company says underscores the growing depth of Ghana's corporate bond market.
The bond, the first tranche of a GH¢200 million note programme, was substantially oversubscribed by 178 per cent, reflecting strong investor confidence in the company's track record and growth prospects. Management, however, opted to stick to its original GH¢100 million request, citing a commitment to financial discipline.
At the listing ceremony in Accra last Monday, the Managing Director of the GSE, Abena Amoah, said the development demonstrated the resilience and potential of the country's capital markets. She said that while 15 corporates had raised GH¢24 billion on the corporate bond market since its inception in 2015, there remained considerable room for growth. "The capital is here," she said, noting that pension funds alone held over GH¢120 billion in assets. "We at the Ghana Stock Exchange, together with our stakeholders, stand ready to work with corporate Ghana through the process of sourcing capital from the markets," she added.
Amoah also highlighted the recovery of the fixed income market, with trading volumes reaching 255 billion securities by the end of July 2026, already surpassing the entire volume traded in 2025.
The Chief Executive Officer of Petrosol Platinum Energy PLC, Michael Bozumbil, recounted the company's 12-year journey from a petroleum management consultancy founded in 2013 to an oil marketing firm now operating 109 fuel stations across 13 regions and employing 490 people directly. He said the company had cumulatively paid over GH¢2 billion in taxes and regulatory margins to the state since 2014, despite navigating a series of national and global shocks, including the energy crisis, deregulation, the banking sector collapse, COVID-19, the Russia-Ukraine war and Ghana's recent economic difficulties. "The journey has not been easy, I must admit," he said. "But through perseverance, faith in God, and the commitment of our people and partners, as well as the loyalty of our customers, we have built a credible Ghanaian brand."
He outlined plans to deploy the bond proceeds over the next five years to boost working capital for fuel procurement, expand retail outlets, grow the business-to-business and lubricant segments, and invest in renewable energy, including solarising all stations and installing electric vehicle charging points. "Your investment in Petrosol represents more than capital," Bozumbil told investors. "It represents confidence in our people, our strategy, and our future. We assure you that we will deliver to your satisfaction."
The transaction was supported by a team of advisors, including Databank, APEX Capital, KPMG, Fidelity Bank, and corporate attorneys Kimathi & Partners, with regulatory backing from the Securities and Exchange Commission and the National Pensions Regulatory
