{
  "id": 3893736,
  "title": "Petrosol CEO Michael Bozumbil explains how trust fuelled company’s growth",
  "url": "https://urgent.news/2026/08/28/petrosol-ceo-michael-bozumbil-explains-how-trust-fuelled-companys-3893736",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-28T05:00:31.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/petrosol-ceo-michael-bozumbil-explains-how-trust-fuelled-companys-growth/"
  },
  "original_language": "en",
  "account": "Petrosol CEO Michael Bozumbil attributes the company's rapid growth in Ghana's petroleum industry to three core values: trust, integrity, and financial discipline. From the outset, Petrosol built its operations around these strong values, making trust a crucial factor in attracting suppliers, banks, and other partners. The company's reputation for excellence allowed it to access petroleum products on credit, even in its early stages with minimal capital. Suppliers trusted Petrosol to supply products without requiring any collateral or guarantees, as the company's name served as a guarantee. While trust was essential, Bozumbil emphasized that it was complemented by strict financial discipline, governance, and risk management systems. The company put in place measures to ensure consistent repayment of credit, and this discipline helped maintain its creditworthiness over the past 12 years. Over this period, Petrosol has established a strong reputation for reliability, earning recognition from banks and the Ghana Revenue Authority for its compliance. As a result of its sterling reputation, Petrosol has even been exempted from providing an insurance bond typically required before lifting petroleum products in the industry.",
  "summary": "Petrosol CEO Michael Bozumbil says trust, integrity and financial discipline have been central to the company’s rapid growth in Ghana’s highly competitive petroleum industry.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "We have been putting every effort into building a sustainable brand, says Petrosol’s Bozumbil",
        "url": "https://urgent.news/2026/08/28/we-have-been-putting-every-effort-into-building-a-sustainable-brand",
        "published": "2026-08-28T03:24:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}