Indigenous Oil marketing firm Goil has announced its intention to go into electronic money transfer business.

This will include leveraging on the company’s over 300 filling stations across the country to diversify into the digital finance business.

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

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

According to him, this is in line with the government’s commitment to increase financial inclusion electronically.

This is also a concept meant to give the informal sector access to formal financial services.

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

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

Meanwhile, Thomas Manu, Robert Owusu Amankwa and Stephen Abu Tengan were re-elected onto the board after they have retired by rotation.