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2.5 Million For TOR Gone Missing -Energy Minister

20th April 2023

Some US$2.5 million worth of cendensate has gone missing at the Tema Oil Refinery, energy minister Mathew Opoku Prempeh has revealed.

“I gave TOR a new business opportunity in the premix fuel market that all the condensate from Ghana Gas should be used for blending premix fuel. The last time I heard, over $2.5 million worth of condensate had gone missing from TOR”, Dr Prempeh announced.

“If we all want TOR working, and we don’t want another ECG in TOR, [such things] will break the back of government”, he decried.

“TOR has over $500 million worth of debt sitting on its books and go and look at how the debt is accumulated– people bring their crude to refine and then they record crude losses”, the minister noted.

Dr Prempeh said the government is making efforts to revive TOR.

“You don’t pay taxes for it to go down the drain. You pay taxes for an efficient running of government”.

“The government, I can tell you, is doing so much work to bring TOR to work. There are proposals lying up in TOR, SIGA, Attorney General’s [department], and the finance ministry all having a look”, he added.

“Getting it right is a difficult proposition we are working on. And we will work diligently to get Ghanaians what is good,” Dr Prempeh said.

The staff of TOR recently demanded the dismissal of their Managing Director,Mr Jerry K. Hinsonin connection with some allegations.

Also, the General Transport Petroleum Chemical Workers Union (GTPCWU) on Tuesday, 18 April 2023, announced at a press conference addressed by Mr Bernard Owusu, National Chairman, that they would embark on some kind of industrial action ahead of May Day to call for the revamping of TOR.

Their threat was met by a counter-threat of dismissal from the Managing Director.

In a letter to the workers, Mr Hinson said: “Kindly be aware of the illegality of any such actions under clauses 168 – 171 of the Labour Act and the consequences thereunder for participants/staff involved. Please be aware of section 171 in particular which emphasises the term ‘picketing’ which is only lawful in furtherance of a lawful strike/industrial action.”

“Kindly be advised finally that participation of staff in any illegal action or picketing or indeed any act that purports to disrupt the activities of the Company or possibly undermine the authority of the Shareholder will be subjected to the prescribed ramifications under the relevant laws.”

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