TotalEnergies Marketing Ghana PLC held its 49th Annual General Meeting at the Movenpick Ambassador Hotel on June 26, 2025, where the company’s leadership engaged shareholders on its 2024 performance.
Chairman Philippe Ebanga presented the Annual Report, highlighting a significant profit after tax of GH¢291 million for the year ended December 31, 2024, up from GH¢169 million in 2023. This impressive growth is attributed to strict cost discipline and a solid operational strategy.
Mr. Ebanga emphasized the company’s strong corporate governance framework, prioritizing transparency, accountability, compliance, and robust internal controls. Regular Board and Audit & Risk Committee meetings, strict adherence to laws and policies, and a zero-tolerance approach to non-compliance were underscored as key pillars for preserving shareholder interests and ensuring long-term sustainability.
On health and safety, Mr. Ebanga reported notable achievements, including ISO 45001 certification for occupational health and safety, 2,798 working days with zero fatalities, and successful audits of contractors and transporters. Outstanding performers—transporters, drivers, and suppliers—were recognized for their commitment to safety, reinforcing the company’s “Safety for me; Safety for you, and Safety for all” culture.
The Chairman also stressed the importance of Environmental, Social, and Governance (ESG) initiatives for sustained growth. Under the Sustainab’All program’s “5 Levers for Sustainable Change”—energy consumption, carbon emissions, environment, communities, and care—the company implemented environmental and social risk management activities, such as societal risk assessments and solarizing service stations to support TotalEnergies’ Net Zero 2050 ambition.
Corporate Social Responsibility continues to make a positive impact. The Young Dealer Scheme has empowered over 232 young entrepreneurs and created more than 4,500 jobs. The Startupper of the Year Challenge has provided financial support, publicity, and coaching worth over GHS4.8 million to more than 60 Ghanaian youth, while the Young Graduate Scheme has delivered managerial training to 39 graduates from public universities. These initiatives drive local content, foster economic development, and benefit Ghanaian communities.
In closing remarks, Mr. Ebanga highlighted recent accolades: 16th in Ghana’s Club 100, 2nd Best Company in the Energy and Utilities Sector, and CEO of the Year (Downstream) awarded to Managing Director Olufemi Babajide. These recognitions reflect the company’s outstanding performance and leadership.
Addressing shareholder inquiries, the Managing Director attributed the strong results to a resilient business model, which has remained effective despite industry challenges.
Shareholders approved the Directors’ and Auditors’ Reports and the 2024 Financial Statements. They also sanctioned a final dividend of GH¢287.123 million (GH¢2.5665 per share). Including the interim dividend of GH¢0.6580 per share paid earlier, the total dividend for 2024 amounts to GH¢360.736 million (GH¢3.2245 per share)—a remarkable 186% increase from 2023, with a dividend yield of 24.58% compared to 12.52% the previous year.