GOIL has publicly declared its intention to diversify into electronic money transfer business.

According to the indigenous oil marketing firm, the initiative is in line with government’s commitment to increase financial inclusion electronically.

Chairman of Board of Directors of GOIL, Kwamena Bartel disclosed this, after addressing shareholders at the 49th Annual General Meeting.

He mentioned that, “GOIL will be leveraging its 330 retail outlets throughout the country, to diversify into the digital finance business, specifically money transfer,” he said.

This he says, is a concept meant to give the informal sector access to formal financial services.

He also disclosed that GOIL has acquired a new head office to be able to accommodate its expanding business portfolio.

“Our business expansion projects have made it imperative to acquire a new head office since the current one will be inadequate to house additional employees that will manage the incoming business”, he said.

Report by:Stephanie Horsu