On Tuesday, March 26th, Energy Minister Dr. Matthew Opoku Prempeh presided over the inauguration of the reconstituted Board of Directors of the Tema Oil Refinery.

The 11-member board, chaired by Mr. Leon Kendon Appenteng and led by Mr. Kofi Mocumbi Tagoe as Managing Director, has received a directive from the Minister.

They are tasked with leveraging their expertise to spearhead efforts in attracting new strategic partners. These partners are crucial in enhancing the refinery's viability and enabling it to adapt effectively to the dynamic challenges and opportunities of the current era.

“The Tema Oil Refinery has a longstanding and chequered history that I am sure we are all familiar with. Indeed, two years ago this month, I had the duty of inaugurating a substantive board after and Interim Management Committee had replaced an earlier substantive board. In spite of several interventions in the past, TOR seems to remain in distress. This cannot, and must not continue,” the Minister said.

He continued “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.

“Before I conclude I would want to urge TOR to make it a deliberate effort to ensure that it becomes a modern day 21st century organization centered on profit making as State-owned company supporting the government of the day.”

The Board comprises additional members such as Dr. Antoinette Tsiboe-Darko, Mrs. Edith Sapare Grant, and Nana Akua Bakoma Prempeh. Also included are Mrs. Loraine Crabbe Ababio, Mr. Alfred Thompson, Mr. Joseph Mensah Browne, Mr. Kwame Baffor, and Mr. Herbert Ato Morrisson.