Ghana: Edward Boateng Takes Over As New MD Of Tema Oil Refinery

A former Ghana’s Ambassador to the People’s Republic of China, H.E Edward Boateng, has been appointed as the new Managing Director of Tema Oil Refinery (TOR) by President Nana Akufo-Addo.

This is according to report filed by Asaase Radio, a local radio station owned by the cousin of President Nana Akufo-Addo.

Energynewsafrica.com’s checks at the Ministry of Energy also confirmed Edward Boateng’s appointment.

Edward Boateng, who is an international strategist, Communication expert and has held key management positions, would be the fourth person to be appointed as the Managing Director of TOR under the Akufo-Addo administration.

Mr Edward Boateng holds a Master’s in Business Administration from Clark-Atlanta University in the United States, a postgraduate diploma from Yale University and a Bachelor’s degree in economics and law from the Kwame Nkrumah University of Science and Technology in Ghana.

Commenting on his appointment as the new MD of TOR, H.E. Edward Boateng stated that he is poised to TOR and ensure that the refinery goes through the needed reforms to return the refinery to full capacity operation.

“We are capable of boosting the refinery’s capacity to position its operations to meet local demand and export its products in the West African sub region and beyond,” he stated.

The 45,000 barrel per stream daily refinery(bpsd) had been run by three managing directors namely; Mr. Isaac Osei, Asante Berko and Francis Boateng within the first four years of the current administration.

The West African nation’s premier refinery had been badly managed by successive governments, leaving the refinery with huge debts.

Recently, Ghana Water Company cut water supply to the refinery because of huge water bills it had not been able to settle.

Apart from the unsettled water bills, TOR also owed ECG millions of unpaid electricity bills.

Source: https://energynewsafrica.com