The Minister of Energy, Dr Matthew Opoku Prempeh, has inaugurated the newly constituted 11-member board of the Tema Oil Refinery (TOR) Company Limited.
The inauguration of the board was held on Tuesday March 26, 2024 in Accra.
At the ceremony, the Minister admonished the board mebers to rise to the occasion.
He emphasised the necessity for the board to see new entrants into the business as partners rather than rivals.
He also instructed the new board to ensure that TOR makes concerted efforts to convert itself into a contemporary, profit-driven firm.
“Despite several interventions in the past, TOR seems to remain in distress. This cannot and must not continue. There is enough demand in the country for what TOR’s core mandate stands for, and I urge you to see new entrants into the market more as your collaborators than your competitors per se.
“In that process, I urge you to be mindful that demand is not stagnant, and TOR must work hard towards becoming a viable player in this industry and to take advantage of the demand for your services.”
“I would want to urge TOR to make a deliberate effort to ensure that it becomes a modern day 21st century organization centered on profit-making as a State-owned company supporting the government of the day,” he stated.
The board includes Leon Kendon Appenteng as the chair, Kofi Mocumbi Tagoe as the Managing Director, and other members such as Dr Antoinette Tsiboe-Darko, Edith Sapare Grant, Nana Akua Bakoma Prempeh, Loraine Crabbe Ababio, Alfred Thompson, Joseph Mensah Browne, Kwame Baffoe, and Herbert Ato Morrisson.
By: Rainbowradioonline.com/Ghana
