The Energy Minister, Dr Matthew Opoku Prempeh, has inaugurated the newly constituted Board of Directors of the Tema Oil Refinery (TOR) and urged them to rise to the occasion.
The 11-member board, chaired by Leon Kendon Appenteng and with Kofi Mocumbi Tagoe as managing director, was officially inaugurated on Tuesday, March 26, 2024, at the Ministry of Energy in Accra.
During the inauguration ceremony, Dr. Matthew Opoku Prempeh emphasized the importance of the board’s role in attracting new strategic partners to enhance the viability and adaptability of TOR to current challenges and opportunities.
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“The Tema Oil Refinery has a longstanding and chequered history that I am sure we are all familiar with. Indeed, two years ago this month, I had the duty of inaugurating a substantive board after an Interim Management Committee had replaced an earlier substantive board. Despite several interventions in the past, TOR seems to remain in distress. This cannot, and must not continue.
“In that process, I urge you to be mindful that demand is not stagnant, and TOR must work hard towards becoming a viable player in this industry and to take advantage of the demand for your services.”
“I would want to urge TOR to make a deliberate effort to ensure that it becomes a modern-day 21st-century organization centered on profit-making as a State-owned company supporting the government of the day,” the minister said.
Other members of the Board include Dr Antoinette Tsiboe-Darko, Edith Sapare Grant, and Nana Akua Bakoma Prempeh.
It also includes Loraine Crabbe Ababio, Alfred Thompson, Joseph Mensah Browne, Kwame Baffoe, and Herbert Ato Morrisson.