Ghana: Three-Member IMC Ends Role At TOR

The three-member Interim Managing Committee (IMC) instituted by Ghana’s Ministry of Energy to oversee the management of Tema Oil Refinery is ending its role at the premier refinery by the close of today, Wednesday, March 2, 2022.

This is because the Minister for Energy, Dr. Matthew Opoku Prempeh is inaugurating a newly constituted board and a new Managing Director to take over the management of the refinery today.

The IMC was constituted in June 2020 to oversee the management of the refinery following the dismissal of the Managing Director, Francis Boateng, and his deputy, Mr Ato Morrison.

A few weeks into their work, this portal reported that the IMC interdicted 14 top management executives of the refinery for their alleged involvement in various acts which resulted in huge financial loss to the refinery.

The IMC, in a statement issued later, said its investigation uncovered the disappearance of 18 drums of electrical cables valued at Ghc10.4 million, the disappearance of LPG belonging to a client between 2012 and 2015 as a result of which TOR became indebted to the client to the tune of US$4.8 million.

Also, the IMC revealed the disappearance of 105,927 litres of gas oil on September 4, 2021.

In addition, there was a wrongful loading of 252,000 litres of Aviation Turbine Kerosene (ATK) instead of regular kerosene into BRV trucks at the loading gantry between September 21 and September 25, 2021.

Interestingly, for the few months the IMC stayed at the refinery, they were able to put control measures in place and this has helped to stem product losses.

“We have not witnessed product losses for the past few months,” Ing. Norbert Anku, Chairman of the IMC told energynewsafrica.com recently.

He said they had plans to enhance the security of products by installing flow meters at the loading gantry, constructing a new laboratory, refurbishing the gantry and installing a Close Circuit Television (CCTV) at the refinery.

He believed when these things are done, they would go a long way to guarantee product security at the refinery.

Source: https://energynewsafrica.com