The Founder and CEO of ZEN Petroleum Limited, William Tewiah, has revealed that the company is preparing to list on the Ghana Stock Exchange as part of its long-term growth strategy.
Speaking in an interview on Channel One TV, he explained that the decision followed careful internal discussions weighing the advantages and challenges of going public. According to him, listing on the GSE aligns with the company’s vision of building a lasting, trans-generational business while strengthening corporate governance and regulatory compliance.
Mr. Tewiah disclosed that ZEN Petroleum has already completed a private placement with institutional investors, raising close to a billion cedis—exceeding initial expectations. He added that while the company has retained a portion of its shares, there are plans to introduce an employee share ownership scheme and gradually release more equity to the public.
The long-term goal, he noted, is to reduce his personal stake to about 50 percent as broader investor participation grows. He also highlighted strong investor interest in the company, attributing it to its commitment to transparency and doing business responsibly.
Additionally, Mr. Tewiah emphasised that ZEN Petroleum continues to prioritise fair pricing, maintaining competitive and uniform fuel prices across all its outlets nationwide to ensure value for consumers.
Source: citinews
