TOR reduces negative equity from GH¢7.5bn to GH¢5bn – Kombat
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The Tema Oil Refinery has lowered its negative equity from GH¢7.5 billion to GH¢5 billion. Managing Director Edmond Kombat stated this is part of an effort to restore financial stability. The refinery is implementing a restructuring programme to strengthen its balance sheet. These moves are intended to position the company for long-term stability.
The Tema Oil Refinery (TOR) says it has reduced its negative equity from GH¢7.5 billion to GH¢5 billion as part of efforts to restore its financial stability. Managing Director of TOR, Edmond Kombat, says the improvement forms part of a broader restructuring programme aimed at strengthening the refinery’s balance sheet and positioning it for long-term […]