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Ghana Oil to spend 67% more in bid to top Total fuel sales

Ghana Oil, the second-biggest operator of service stations in the West African nation, will boost investment by 67% this year as it seeks to surpass sales of Total’s unit in two years, reports PetrolPlaza News. The company currently operates a 190-strong forecourt network and plans to $37mn in 2014. It is to invest in new storage tanks at Takoradi, which has a key port in the Western region, build distribution outlets across the country and introduce new products.
 
Ghana Oil is looking to increase its market share in West Africa’s biggest economy after Nigeria to 16% in the next two years, from 14% today. Total operates 210 forecourts in the country.

News Item details


Countries: Ghana - West Africa -

Subjects: Retail and marketing

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