TotalEnergies Marketing Ghana PLC holds its 49th Annual General Meeting
Accra, June 27, 2025 – TotalEnergies Marketing Ghana PLC held its 49th Annual General Meeting at Movenpick Ambassador Hotel on Thursday 26th June 2025 to account to its Shareholders on the Company’s performance for the year ended 31st December 2024.
Presenting the Annual Report and Audited Financial Statements of the Company for the year ended 31st December 2024 on behalf of the Board, the Chairman, Mr. Philippe Ebanga, highlighted that the Company’s profit after tax amounted to GH¢291 million for the year ended 31st December 2024 (up from GH¢169 million in 2023).The good performance is attributed to cost discipline and a robust operational strategy.
He highlighted that the Company prioritizes good corporate governance by upholding transparency, accountability, and compliance; preserving shareholder interests; ensuring long-term sustainability through robust internal controls; regular Board and Audit & Risk Committee meetings; compliance with laws, regulations, and company policies; and a zero-tolerance for non-compliance.
Mr. Ebanga announced that the Company achieved notable health and safety milestones in 2024, including ISO 45001 certification for occupational health and safety, 2798 working days with zero fatalities, and successful audits of contractors and transporters. The Company recognized and awarded outstanding performers, including transporters, drivers, and suppliers, highlighting its commitment to safety and creating a culture of collective responsibility. He informed Shareholders that the Company's focus on safety had created a culture of collective responsibility, reflected in its slogan"Safety for me; Safety for you, and Safety for all".
Mr. Ebanga added that the Company emphasizes the importance of Environmental, Social, and Governance (ESG) for long-term sustainability. The Company’s key initiatives included "Our 5 Levers for Sustainable Change" under the Sustainab'All program, focusing on:1. Energy consumption, 2. Carbon emissions, 3. Environment, 4. Communities and 5. Care. The Company had implemented environmental and social risk management activities such as conducting societal risk assessments to protect human rights and well-being and solarizing its service stations to reduce carbon emissions and support TotalEnergies' Net Zero 2050 ambition.
The Chairman informed Shareholders that the Company's CSR activities are positively impacting Ghanaian society through its Young Dealer Scheme which has supported over 232 young dealers and created employment for over 4,500 Ghanaians; TotalEnergies Startupper of the Year Challenge which has so far provided financial support, publicity, and coaching worth over GHS 4.8 million to over 60 Ghanaian youth; and the Young Graduate Scheme which has offered managerial training and coaching to 39 young graduates from Ghanaian public universities. These initiatives promote local content, economic development, and make a positive impact on the lives of Ghanaians.
Concluding his statement to Shareholders, Mr Ebanga mentioned that the Company ranked 16th in Ghana's Club 100 and 2nd Best Company in the Energy and Utilities Sector. The Managing Director, Mr. Olufemi Babajide, was crowned CEO of the Year (Downstream). These awards recognize the Company's performance, product quality, and leadership.
Responding to some questions from Shareholders, the Managing Director, Mr. Olufemi Babajide, attributed the Company's good performance to its robust business model, which has remained effective despite challenges in the business environment.
Shareholders voted to receive and adopt the Reports of the Directors, Auditors and the Financial Statements of the Company for the year ended 31st December 2024 and approved a final dividend amounting to GH¢287.123 million representing GH¢2.5665 per share. In addition to an interim dividend of Ghc0.6580 per share paid already paid to shareholders this total dividend for Shareholders for the year ended 31st December 2024 summed up to GH¢360.736 million representing GH¢3.2245 per share, a 186% increase compared to 2023 and a dividend yield of 24.58% for the year 2024 compared to 12.52% in 2023.
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About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables, and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, more sustainable, more reliable and accessible to as many people as possible. Active in nearly 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
About TotalEnergies Marketing Ghana PLC
TotalEnergies Marketing Ghana PLC is an affiliate of the TotalEnergies Group and has operated in Ghana for over 70 years. It is one of the leaders in the Oil and Gas industry and has a strong brand image on the Ghanaian market. The Company has wide network coverage with over 273 service stations spread across the country, including one hundred and twenty-eight (128) that are solar-powered. The Company is ISO 45001:2018, ISO 14001:2015 and ISO 9001:2015 certified.
For more information, visit our website at www.totalenergies.com.gh
TotalEnergies Contacts
Media Relations: +233 50 168 0715 l Endesha.Amanquah@totalenergies.com
Customer Feedback: case.gh@mail.totalenergies.com or Whatsapp +233 24 432 4433
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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
