Indigenous oil marketing company Zen Petroleum Holdings PLC has been officially listed on the Ghana Stock Exchange (GSE), marking a significant milestone in the company’s push to deepen its presence within Ghana’s capital markets.
The listing ceremony, held on Wednesday, April 22, 2026, at Cedi House in Accra, brought together investors, regulators, and key stakeholders in the Ghanaian capital market.
Speaking at the ceremony, Founder and Chief Executive Officer of Zen Petroleum, William Tawiah, described the listing as a commitment to sustainable growth and institutional longevity.
“To strengthen our position across the downstream petroleum value chain. To continue investing in infrastructure that improves efficiency and reliability. To expand opportunities for Ghanaian participation in the energy sector. And to build a business that is not only profitable but impactful.” Mr. Tawiah stated.
Also addressing the gathering, Sir Sam Jonah urged the Ghana Stock Exchange to fulfil its responsibility to companies that choose to list on the bourse, stressing that the exchange must take that obligation seriously.
“When a young, dynamic company like Zen chooses to invest in our stock exchange, it is making a bet — not just of its own future, but of the infrastructure and the ecosystem that the estate provides. The exchange must continue to provide the support, the services, and the regulatory environment and the market development that new companies need to thrive,” he said.
Sir Sam Jonah further called on the GSE to broaden its investor education initiatives, noting that many Ghanaians still lack basic understanding of the importance of the stock market.
Zen Petroleum disclosed that it successfully raised GHS 640 million, representing 20 percent of its issued share capital through the listing. The company’s Initial Public Offering (IPO) was oversubscribed by 94 percent, attracting bids valued at GHS 970,244,645, with institutional investors accounting for 99.3 percent of the total subscription figure.
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