Six Managing Directors in Akufo-Addo’s eight years weakened TOR – Kombat
Tema Oil Refinery (TOR) Managing Director Edmond Kombat says frequent changes in leadership during the eight years of the previous administration weakened management continuity and hindered efforts to resolve the refinery’s longstanding operational challenges. He said the state-owned facility had six managing directors and an interim management committee under former President Nana Addo Dankwa…
The previous administration under Nana Addo Dankwa Akufo-Addo faced criticism for frequent changes in leadership at the Tema Oil Refinery (TOR), which reportedly weakened management continuity and hindered efforts to resolve the refinery’s operational challenges. During the eight years, TOR had six managing directors, including an interim management committee, resulting in short tenures that made it difficult for teams to implement long-term decisions.
The refinery, which was not refining crude oil during this period, also experienced instability in leadership. Furthermore, the accumulation of unaudited financial statements over several years created major governance concerns, as the reliance on management accounts instead of independently audited statements created additional difficulties for successive management teams.
The current management has collaborated with the Ghana Audit Service to address the backlog, completing audits covering seven years. Despite these issues, the refinery remains an important national asset with significant storage capacity and crude processing capacity.
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Also reported by 1 other outlet
- Six MDs in eight years weakened TOR – Managing Director myjoyonline.com
