The club was founded on 11 November 1911.Hearts of Oak won their first major match in 1922 when Sir Gordon Guggisberg, governor of the Gold Coast, founded the Accra Football League. Hearts won 6 out of 12 seasons in this league. In 1956, Hearts joined the Ghanaian football league and have flourished since.
Hearts of Oak S.C suffered a great tragedy on 9 May 2001 when 126 people died in Africa’s worst footballing disaster while watching a match between Hearts of Oak and Asante Kotoko. Trouble started when supporters of Asante Kotoko began ripping out seats in an act of hooliganism in protest at a goal allowed by the referee for Hearts of Oak, which they believe should have
been disallowed for offside.The match was officiated by referee J.Wilson Sey, from Cape Coast. Police reacted by firing tear gas into the crowd, it has been suggested that this was an over-reaction. Reports suggest that the gates to the ground were locked and that the rush to escape the tear gas was a contributory factor to the death toll. A commission inquiry did not indict the hooligans in its report.