TOR says GH¢10bn accumulated losses, US$517m debt confronted under new management
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Managing Director Edmond Kombat disclosed the financial state of the Tema Oil Refinery. When the current management took office in May 2025, the refinery faced significant financial burdens. These included accumulated losses of approximately GH¢10 billion. Additionally, the entity had debt totaling about US$517 million.
The Tema Oil Refinery (TOR) had accumulated losses of approximately GH¢10 billion and debt of about US$517 million when the current management assumed office in May 2025, Managing Director Edmond Kombat has disclosed.