Isaac Osei, Outgoing Managing Director of TOR

The Managing Director of Ghana’s only refinery, TOR, Isaac Osei has resigned from the company.

Sources say Mr Isaac Osei tendered in his resignation letter to the Board at a meeting yesterday.

It is not clear why the former MP for Subin in the Ashanti Region resigned from his post.

TOR was recently in the news for positive reasons after Isaac Osei managed to enter into crude processing tolling arrangement with Woodfields Energy Resources which has kept the refinery running.

Mr Isaac Osei told staff of the refinery at an end of year party on Friday that he was departing from the company.

“This section is going to be my last time,” he said.

“I know that with unity, this company can move forward with the support of the new managing director, “he added.