The Radiance Petroleum Limited on Sunday, October, 16, 2022 celebrated its 10th Year Anniversary, dubbed, “This Far by Grace”.
The Anniversary celebration which began with a series of activities including customer service week, a visit to an orphanage amongst others was climaxed with a Thanksgiving Service and Dinner at the ICGC Glory Temple, Kasoa.
Radiance was licensed by the National Petroleum Authority (NPA) on 9th November, 2012 with three stations at Abesim – Sunyani, Ajumako and Nyanyano.
Its provisional licence was confirmed in November, 2013.
Since then, it has gone on to acquire other licenses like Bunkering licence, Lubricant Blending licence and Mining
Support Services licence.
Currently it has 37 outlets and a staff of over 230 people.
Speaking at the Event, the Managing Director of Radiance Petroleum Limited, Mr Emmanuel Pobee said like every successful business, Radiance’s journey has not been without its difficult paths.
However, he said what helped the company through the difficult paths and made it stronger and a shining example among competitors was its resolve to grow through its turbid experiences, focusing on its vision, and never compromising its values.
“Along the journey, we were blessed, to have, against the odds, turned some lemons which were thrown at us into lemonades, and in the process helped us to enrich our operational processes. Today’s milestone marks both an end and a new beginning. We say goodbye to a glorious decade of slow and steady growth with great learning and usher ourselves into a new decade that builds on the growth, learning and achievements of the past,” he said.
Mr Emmanuel Pobee added that, “What we know for certain is that the new decade will be entirely different from the one just ended. Changes in regulatory framework, changes to Deregulation policy, advancement in LPG cylinder re-circulation programme, advancement in Energy transitioning, and changes in the technological and financial landscape may change the phase of the industry.
Cognisant of this, Radiance has positioned itself well to stay ahead of the curve. We will continue to be prudent in our judgment, not misjudge to grow faster ahead of ourselves, but be steady in our growth strategies. For it is well said that Slow and Steady wins the race.”
He continued that, “It is said that Consistency is Key to Success and Tony Robbins even puts it better that, “It is not what we do once in a while that shapes our lives, it is what we do Consistently. Our stakeholders’ interests would continue to be at the centre of operational/managerial decisions; complying with regulatory standards and industry best practices, being fiscally disciplined, giving customers value for money, being a good corporate citizen and having our associates at the heart of our everyday decisions are what we will continue to do consistently.”
The Deputy Managing Director (DMD) for Radiance Petroleum Limited, Mr Joseph Addae also said the 10 years of operating the company has not been easy, counting dealing with the challenges of the financial sector, COVID-19 outbreak and the recent Russia-Ukraine war.
Notwithstanding, he said the Lord has been good to the company.
Speaking on behalf of Mr Kwaku Agyemang-Duah, the Industry Coordinator of the Petroleum Downstream Industry, a Business and Strategy Analyst at the Association of Oil Marketing Company (AOMC), Mr Alfred Addo-Yobo, also commended Radiance Petroleum Limited for its contribution in the industry.
“Since its establishment in the petroleum downstream industry a decade ago, Radiance Petroleum has contributed millions of cedis monthly in taxes and levies to the government as well as their zero compromise on safety, making them a force to be reckoned with in the industry,” he said.
Alfred Addo-Yobo added that, “Their core objective has always been to make sure that when we visit any of their stations for fuel purchases, we can conduct our business safely and conveniently. Radiance Petroleum has shown resilience against the harsh tides of the industry despite the depreciation of the local currency, which has led to many companies collapsing or being placed on ventilators. This cannot be magic but rather sound business principles by the hardworking management under the direction of the board of directors.”
He continued that, “You may be interested to know that at the height of the COVID-19 pandemic in 2020, Radiance Petroleum, under the leadership of Emmanuel Pobee, collaborated with the AOMC to engage with the Ghana Revenue Authority which result in the extension of the tax payment days from 25 days to 45 days. This was crucial in preserving many businesses during the period., as many would have collapsed without this support.”