TotalEnergies Marketing Ghana PLC has proven its strength and resilience in Ghana’s energy sector. At its 49th Annual General Meeting (AGM) held on Thursday, June 27, 2025, at the Mövenpick Ambassador Hotel in Accra, the company shared impressive financial results and reaffirmed its commitment to sustainability, safety, and value creation for shareholders.
Let’s dive into the highlights of what made this AGM newsworthy—and why investors are smiling at the bank.
Strong Financial Performance in 2024
TotalEnergies Ghana recorded a profit after tax of GH₵291 million, a remarkable 72% increase compared to GH₵169 million in 2023. This growth was driven by:
- Improved cost control measures
- Strategic operational efficiency
- A steady rise in revenue, which climbed to GH₵7.02 billion, up from GH₵6.06 billion in 2023
This performance reflects the company's smart leadership and ability to stay resilient even in tough economic conditions.
Dividends Payment
Perhaps the biggest cheer from the AGM came with the announcement of dividends. Shareholders approved:
- A final dividend of GH₵2.5665 per share
- When added to the interim dividend of GH₵0.6580 per share, the total dividend for 2024 amounted to GH₵3.2245 per share.
This represents a massive 186% increase compared to the previous year, translating to a 24.6% dividend yield, one of the highest on the Ghana Stock Exchange.
Excellence in Governance and Workplace Safety
Chairman Philippe Ebanga highlighted the company’s strong governance structure. Key practices include:
- Transparent board oversight
- Robust internal controls
- Regular audit committee meetings
- Strict compliance with corporate policies
On the health and safety front, TotalEnergies achieved:
- 2,798 workdays with zero fatalities
- Certification under ISO 45001 for occupational health and safety
- Recognition of top-performing contractors and transporters under the theme:
“Safety for me; Safety for you; Safety for all”
Environmental Sustainability and ESG Leadership
Sustainability is not just a buzzword for TotalEnergies; it’s embedded in their operations. Through their “Sustainab'All” initiative, the company continues to reduce carbon emissions, protect the environment, and engage local communities.
In 2024 alone:
- They installed solar panels at several service stations
- Conducted societal risk assessments
- Took more steps toward their Net Zero 2050 ambition
CSR: Empowering the Next Generation
TotalEnergies also continues to invest heavily in social impact:
- Young Dealer Scheme: Supported 232+ young entrepreneurs, creating over 4,500 jobs
- Startupper Challenge: Disbursed GH₵4.8 million in seed capital to over 60 youth-led businesses
- Young Graduate Program: Trained 39 graduates from Ghana’s public universities
These initiatives show how the company is shaping Ghana’s future, not just through fuel, but also through skills, jobs, and opportunities.
Awards and Recognition
The company received high praise and several accolades:
- Ranked 16th in Ghana’s Club 100
- Placed 2nd in the Energy & Utilities sector
- Managing Director Olufemi Babajide was named CEO of the Year – Downstream at the 2024 Ghana Energy Awards
Olufemi Babajide credited the strong performance to the company’s focus on product quality, cost discipline, and resilience in uncertain economic times. He emphasized that despite a tough business climate, TotalEnergies remained committed to delivering consistent value to shareholders and the broader Ghanaian economy.
Final Thoughts
TotalEnergies Ghana’s 49th AGM wasn't just another corporate event—it was a celebration of smart strategy, sustainable growth, and a deep commitment to Ghana. The company didn’t just post strong numbers; it backed them with impactful CSR, green energy actions, and a generous reward for investors.
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