TOR seeks private investors to shield refinery from political interference
The Tema Oil Refinery (TOR) is working to attract private-sector investors as part of efforts to strengthen its governance structure and protect the state-owned facility from political interference. Managing Director of TOR, Edmond Kombat , says opening up the refinery to private participation through a planned stock exchange listing will help secure its future and […]
The Tema Oil Refinery (TOR) is actively seeking private investors to bolster its governance and shield it from political interference. TOR's Managing Director, Edmond Kombat, explained that listing the refinery on the Ghana Stock Exchange could bring in independent directors and provide greater corporate oversight. By targeting a 2028 stock exchange listing, Kombat believes the refinery's future and operations will be secured and more sustainable.
The involvement of private investors, such as pension funds, would make it more challenging for future governments to allow the refinery to collapse. TOR's workers and unions remain vigilant about the refinery's operations, with Kombat asserting that the stock exchange listing is the optimal strategy for long-term sustainability.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
