Tema Oil Refinery Top Executives Interdicted Over US$14 Million Losses

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Fourteen top management executives of the state-owned Tema Oil Refinery (TOR) in the Republic of Ghana have been interdicted for petroleum products losses running into over US$14 million.

A three-member Interim Management Committee (IMC) chaired by Ing. Nobert Cormla-Djamposu Aku uncovered the massive rot at the struggling state oil refinery spanning from 2012, energynewsafrica.com’s sources within the refinery have revealed.

The IMC was constituted by the country’s Energy Minister, Dr Matthew Opoku Prempeh, to undertake technical and human resource audits as well as receiving and assessing viable partnerships for TOR.

This was after the dismissal of the Managing Director of TOR, Mr Francis Boateng, and his Deputy, Mr Ato Morrison, in June this year.

According to energynewsafrica.com’s sources, the ICM has been working tirelessly and scrutinising the transactions of the refinery since 2012.

A document intercepted by energynewsafrica.com named Daniel Osei Appiah, Director for Finance; Abraham Quayson, Head of Production; Julius Ogo at the RFCC; Christopher Boateng, Movement of Product Unit; Daniel Fugah, Production Unit; Kobina Takyi Koomson, Production Unit; Matthew Adu-Gyamfi, Production Unit; William Frimpong, Production Unit, Emmanuel Tetteh Doku, Movement of Production Unit; Edmond Kojo Baiden, Movement of Product Unit; George Kweku Gaisie, Finance Department; Joseph Akure, Finance Department; Abu Osman, Distribution; and Victor Dekayie, Import & Export (Shipping).

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These persons were interdicted on Tuesday, September 28, 2021.

Energynewsafrica.com understands that some of the managers, supervisors and union executives have appeared before the National Intelligence Bureau Ghana for the role they played in the losses of the refinery.

According to energynewsafrica.com’s sources, the IMC uncovered US$4.5 million in losses at one department while it uncovered US$10 million in another department.


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