Tema Oil Refinery ( TOR)

There had been earlier publications that TOR ( Tema Oil Refinery) is on the verge of collapse due to its debts owed Ghana Water Company and Ghana Electricity company, however, the Corporate & Public Affairs Department, TOR debunked this negative impression saying ” we hereby state categorically that TOR is not on the verge of shutdown, but has rather been positioned for its effective turnaround and re-vitalisation through the support of its shareholders”, part of TOR press release says.

Nevertheless, the Press Release confirmed that there are some amount of of debts owed Ghana Water Company and Electricity Company of Ghana spanning between 2009 and 2016 of which negotiation of payment plan has advanced. This inevitable means that the debts was incurred during the Mahama led government before the takeover of the Akufo Addo led government in 2017.

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