Workers of the struggling state-owned Tema Oil Refinery (TOR) have been offered hope by the 2024 flag-bearer of the National Democratic Congress (NDC), John Dramani Mahama, that his administration will be committed to revamping the refinery if he is elected president in the upcoming December 7 general elections.
This, Mr Mahama said would be done through a joint private-public partnership which his government would secure to help revive the nation’s troubled oil refinery.
He made the pledge when he met with players in the petroleum downstream sector in Accra.
Mr Mahama said TOR would be given full attention under his next administration.
“We need to look again at how we can bring the refinery back in place. But I do think that the problems we have with running that refinery is because it is a state-owned enterprise.
“And we all know the inefficiencies that go with state-owned enterprises. And so we are open to private partnership in terms of bringing that refinery back into operation and running it, but we think that whatever private partnership or private participation is invited, it must come through a transparent process.”
Since he became President in 2017, Nana Akufo-Addo has appointed six Managing Directors with the hope of turning around the refinery but none has succeeded.
Source: https://energynewsafrica.com