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Ghana News

ACEP Executive Director criticizes Ghanaian government over mismanagement of TOR

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The Executive Director of the African Center for Energy Policy (ACEP), Benjamin Boakye, has criticized the Ghanaian government over its management of the Tema Oil Refinery (TOR). He suggested that TOR should be divested because of government’s inability to manage it.

According to Mr. Boakye, the facility has been poorly managed by political entities who seek personal gain rather than the benefit of the state. This has led to the accumulation of a $500 million debt. He called for distinguished workers among the over 800 employees of TOR to be appointed to leadership positions to help run the facility better.

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During a press conference held on April 19, the Minister of Energy, Dr Matthew Opoku Prempeh, stated that the refinery cannot continue to rely on government subsidies. He added that investing in TOR is a burden on the government.

He also revealed that an opportunity he had given to the Refinery to manage the delivery of premix fuel from the Ghana National Gas Company (GNGS) was missed by TOR.

Mr. Boakye urged the government to bring in the private sector to help run the facility efficiently, generate revenue, and prevent further debt accumulation. Otherwise, Ghanaians will continue to pay the TOR Recovery Levy, which has been in place for more than 15 years. He concluded that management is the fundamental problem of TOR, and until a suitable leader is appointed, the refinery will continue to be poorly managed.

Source: TV3 Ghana.

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