Petrosol Platinum Energy Plc has listed two series of notes under its GHS 200 million Note Programme on the Ghana Stock Exchange’s Ghana Fixed Income Market (GFIM). This action provides the indigenous downstream petroleum company with crucial longer-term financing for its expansion plans.
The listing, which occurred on Monday, August 24, 2026, also adds another corporate issuer to Ghana’s fixed-income market. This development supports ongoing efforts to deepen domestic capital mobilisation within the country. The transaction includes a four-year note with a fixed annual coupon of 16.25% and a five-year note carrying a fixed annual coupon of 17%.
This capital market activity highlights a growing trend among Ghanaian businesses seeking alternative funding sources beyond traditional bank loans. The Ghana Fixed Income Market offers a platform for companies to raise long-term capital directly from investors. This helps diversify financing options and strengthens the overall financial ecosystem. Such listings contribute to the liquidity and depth of Ghana's capital markets, attracting more local and international investment.
Michael Bozumbil, Chief Executive Officer and founder of Petrosol Platinum Energy, spoke at the listing ceremony. He stated the company turned to the capital market to strengthen its financial position and finance its next phase of growth. Mr. Bozumbil noted Petrosol expanded significantly over its 12-year history despite challenges like the COVID-19 pandemic and the banking sector crisis. He emphasised that the capital market is an important source of financial capital for growth.
The funds will support Petrosol’s five-year strategic plan, focusing on expanding existing operations and improving products. The company also aims to increase market share and develop new business opportunities. Petrosol plans to expand its retail operations and invest in renewable energy projects. This strategic deployment of capital is expected to generate significant value for the company and its stakeholders. The move also promotes greater transparency and strengthens corporate governance, allowing investors to participate in the company's success.
The first tranche is a four-year note with a fixed annual coupon of 16.25%. Interest payments will occur semi-annually, starting in February 2027, with the note maturing on August 14, 2030. The principal repayment is structured in two stages: 30% in 2029 and the remaining 70% at maturity in 2030. The second tranche is a five-year note carrying a fixed annual coupon of 17%. Interest will also be paid every six months from February 2027, with maturity scheduled for August 13, 2031. Its principal will be repaid in three stages: 20% in 2029, another 20% in 2030, and the remaining 60% at maturity in 2031. These varied structures offer investors flexibility based on their investment horizons and risk appetite.
Abena Amoah, Managing Director of the Ghana Stock Exchange, described the listing as another important development for Ghana’s capital market. She highlighted that the transaction demonstrates opportunities for indigenous companies seeking long-term financing. Ms. Amoah encouraged more Ghanaian businesses to consider the capital market as an alternative to traditional bank financing. She noted Petrosol’s transaction represents the fourth listing on the market in eight years, indicating increasing corporate participation. This growth signifies a maturing capital market capable of supporting local enterprises.
The Petrosol notes are senior unsecured debt, meaning they are not backed by specific collateral. Noteholders have a senior claim relative to shareholders in case of default or liquidation. Investors must consider the company's financial position, repayment structure, and risk disclosures before investing. This listing expands the range of corporate fixed-income securities available on Ghana's capital market, providing more options for investors seeking diversified portfolios. The strong demand for the notes reflects investor confidence in Petrosol and its growth prospects, underscoring the potential for well-managed Ghanaian companies to attract capital.