Petrosol CEO attributes company growth to trust and discipline

Petrosol CEO Michael Bozumbil attributes the company’s rapid expansion within Ghana’s competitive petroleum industry to a foundation of trust, integrity, and financial discipline.

Bozumbil noted that the company’s reputation allowed it to secure petroleum products on credit during its early stages despite having limited capital. He stated that suppliers were willing to provide products without collateral or guarantees because they trusted the company to meet its obligations.

To sustain this growth, the company paired supplier trust with strict financial controls, effective governance, and risk-management systems. Bozumbil emphasized that while trust attracts capital, maintaining discipline and implementing structures to ensure consistent repayment is essential to remaining supportable.