Also known as: TOR
Tema Oil Refinery — Ghana's state refinery referenced in bribery scandal coverage involving former Managing Director Asante Kwaku Berko.
Verbatim sentences from the source article.
Business & Financial Times
… Add Ghana Water Company (−GH¢4.88bn), COCOBOD (−GH¢4.06bn), Tema Oil Refinery (−GH¢1.54bn) and the Northern Electricity Distribution Company (−GH¢0.65bn), and you have explained essentially the entire sector loss with five entities. …
Most state enterprises made money in 2024: The cedi made sure the state still lost GH¢9.7bnBusiness & Financial Times
… Jinapor added that government is also working to revive and expand refining activities at Tema Oil Refinery, with the broader objective of positioning the country as a net exporter of refined petroleum products. …
Sentuo Oil Refinery receives 1 million barrels of Jubilee crude for domestic processingJoy Online
… Jinapor also revealed that the Tema Oil Refinery has taken delivery of one million barrels of crude oil for processing, indicating renewed efforts to revive domestic refining activities. …
Energy Minister backs expansion of Sentuo RefineryJoy Online
The Tema Oil Refinery (TOR) has resumed operations and is currently refining one million barrels of crude oil, marking a significant milestone in efforts to restore Ghana’s premier refinery to full production. …
TOR refining one million barrels of crude oil following operational restart – Energy MinisterBusiness & Financial Times
returns to profit with GH¢1.24bn pre-tax surplus in 2025 earns SIGA commendation for governance and financial recovery The Tema Oil Refinery (TOR) has cleared a six-year backlog of outstanding audited financial statements and returned to profitability for the first time in a deca …
TOR clears six-year audit backlogJoy Online
The Tema Oil Refinery (TOR) has recorded a profit before tax of GHS 1.24 billion in 2025, marking its first profit in a decade and showing a major financial and operational recovery. …
TOR posts GHS 1.24bn profit in 2025 as SIGA hails ‘historic’ financial turnaroundJoy Online
President John Dramani Mahama has announced that the Tema Oil Refinery (TOR) will begin processing Ghanaian crude oil in June 2026 as part of efforts to increase local value addition and reduce the country’s dependence on imported refined petroleum products. …
TOR to refine Ghanaian crude oil from June 2026—MahamaJoy Online
The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat, has been recognised for his transformative leadership at the state-owned refinery at the 10th Ghana CEOs Summit, held at the Kempinski Hotel in Accra. …
TOR MD honoured for outstanding Public Sector Leadership at 10th Ghana CEOs SummitBusiness & Financial Times
… Ltd, GNPA Ltd, Ghana Water Company Ltd, Graphic Communication Group Company, and Tema Oil Refinery—consistently reported losses over the 2020-2024 period, posing significant fiscal risks to the Government. …
Persistent SOEs Losses: A threat to Ghana’s fiscal balance and debt sustainability post-IMF bailoutJoy Online
… He commended the NPA, Tema Oil Refinery, transporters and marketers for supporting the programme. …
Ghana launches petroleum downstream 24-hour economy pilotBulk Import, Distribution and Export Companies are lobbying the National Petroleum Authority to approve privately owned petroleum storage depots in regional capitals across Ghana. Critics worry the expansion could underutilize BOST Energies' public infrastructure and complicate national energy security coordination.
18 August 2026 · Joy Online →
Bulk Import, Distribution and Export Companies are lobbying the National Petroleum Authority to approve privately owned petroleum storage depots in regional capitals across Ghana. Critics worry the expansion could underutilize BOST Energies' public infrastructure and complicate national energy security coordination.
18 August 2026 · Joy Online →
Manhyia South MP Nana Agyei Baffour Awuah has called for an independent public inquiry into the Aksa bribery scandal, arguing that authorities should address systemic failures in Ghana's procurement and anti-corruption systems rather than focus solely on prosecuting individuals. He cited the case as part of a pattern of foreign companies bribing public officials in Ghana, referencing previous scandals including Mabey and Johnson and Airbus.
17 August 2026 · Joy Online →
Deputy Attorney General Dr Justice Srem-Sai explained that EOCO, rather than the Office of the Special Prosecutor, is leading Ghana's local investigation into the AKSA bribery scandal because the case involves money laundering and other offences that fall within EOCO's mandate rather than OSP's. He dismissed suggestions the decision was meant to avoid OSP scrutiny, stating that investigative bodies have different legal mandates and may collaborate as needed.
17 August 2026 · Joy Online →
Deputy Attorney General Dr Justice Srem-Sai has assured the public that President Mahama will not shield anyone implicated in the AKSA bribery scandal or conceal evidence. The assurance follows the US conviction of former Goldman Sachs banker and TOR Managing Director Kwaku Asante Berko in connection with a bribery scheme involving payments of more than US$1 million to Ghanaian government officials for a power plant project approval.
17 August 2026 · Joy Online →
The Institute for Energy Security is calling on government to enforce Ghana's Domestic Market Obligation regulations, arguing that TOR's return to operations has removed the main practical obstacle to implementation. The legal framework already exists under Regulation 32 of the Petroleum (Exploration and Production) (General) Regulations, 2018, and requires consistent administrative enforcement.
17 August 2026 · Joy Online →
Majority Chief Whip Rockson-Nelson Dafeamekpor has defended Attorney-General Dr Dominic Ayine's handling of an alleged bribery scandal surrounding the Aksa power deal, contending that previous administrations failed to act on the matter and arguing the current investigation should proceed without partisan distractions.
15 August 2026 · Joy Online →
Joy Online reports that Prime Insight, a current affairs programme, will on Saturday, August 15, examine two legal and governance issues: the controversy over whether trials can proceed during the legal vacation, and the conviction of former Goldman Sachs banker Asante Kwaku Berko in the United States. The two-hour programme will bring together political and legal voices to discuss their implications for Ghana's justice system and anti-corruption efforts.
14 August 2026 · Joy Online →
Businessman Dr Kofi Amoah has challenged President Mahama to use the US conviction of former TOR Managing Director Asante Kwaku Berko for bribery and money-laundering linked to a Ghanaian power project as an opportunity to pursue those allegedly involved on Ghana's side, urging the Attorney-General to follow the case and hold officials accountable.
14 August 2026 · Joy Online →
The Manhyia South MP has called for a thorough investigation into the alleged involvement of a President Mahama relative in the AKSA Energy power project, seeking to establish the person's identity, relationship to Mahama, and role in the transaction approval.
13 August 2026 · Joy Online →
Manhyia South MP Nana Agyei Baffour Awuah has accused Attorney General Dr Dominic Ayine of creating a "separate justice system" for NDC members and associates, citing decisions to discontinue prosecutions involving individuals linked to the former NDC government. Awuah questioned the Attorney General's justification for dropping cases based on their length in court, arguing this does not constitute sufficient grounds for discontinuing a prosecution.
13 August 2026 · Joy Online →
The opposition NPP said it lacks confidence in Attorney General Dr Dominic Ayine's ability to independently investigate alleged bribery in the AKSA Energy power project, citing cases where he has discontinued prosecutions involving persons linked to previous and current administrations.
13 August 2026 · Joy Online →
An NPP Gender Committee spokesperson has called on the Economic and Organised Crime Office to conduct a thorough investigation into the Ghanaian aspect of former Tema Oil Refinery Managing Director Asante Kwaku Berko's US bribery conviction and make public the identities of all persons involved in the alleged scheme.
11 August 2026 · Joy Online →
The NPP is calling on Ghanaian authorities to act immediately against individuals allegedly linked to former Goldman Sachs executive and TOR Managing Director Asante Kwaku Berko's bribery conviction in a US federal court, arguing that authorities should use evidence from the US proceedings rather than conduct a new investigation, and that delays could undermine public confidence in the anti-corruption fight.
11 August 2026 · Joy Online →
Former Power Minister Dr Kwabena Donkor's lawyer K.T. Hammond says he is unsure whether his client has been contacted by Ghana's Office of the Special Prosecutor or US authorities following Asante Kwaku Berko's conviction on charges related to over US$1 million in bribes paid to Ghanaian officials in connection with an Aksa Energy power plant development.
10 August 2026 · Joy Online →
K.T. Hammond, lawyer for former Power Minister Dr Kwabena Donkor, defended a Ghanaian technical team's trip to Istanbul to inspect equipment for the Aksa Energy power deal as standard technical due diligence required before major power-generation equipment is shipped to Ghana. The comments come amid renewed scrutiny following the U.S. conviction of former Tema Oil Refinery Managing Director Asante Kwaku Berko for his role in a bribery scheme involving Ghanaian officials and the power plant deal.
10 August 2026 · Joy Online →
Dr Kwabena Donkor has denied ever meeting convicted former Goldman Sachs banker Asante Berko or demanding or receiving money connected to the controversial Aksa Energy power deal. Berko was convicted in August 2026 of conspiracy to violate the Foreign Corrupt Practices Act and paying over US$1 million in bribes to multiple Ghanaian officials between 2014 and 2015.
10 August 2026 · Joy Online →
K.T. Hammond, lawyer for former Power Minister Kwabena Donkor, says he has not been instructed on whether the Office of the Special Prosecutor has contacted his client regarding Aksa Energy bribery allegations. Hammond stated that Donkor accepts having played an oversight role in the transaction but denies any improper conduct and categorically denies meeting or negotiating with former Tema Oil Refinery Managing Director Asante Berko.
10 August 2026 · Joy Online →
K.T. Hammond, lawyer for former Power Minister Kwabena Donkor, has argued that his client cannot be held liable for corruption allegations involving former TOR boss Asante Berko, who was accused by US authorities of facilitating millions of dollars in bribes to influence Ghanaian officials in connection with a power project.
10 August 2026 · Joy Online →
Local refineries operating at full capacity could meet about 60 per cent of Ghana's current daily petroleum demand, leaving the country dependent on imports for the remainder and exposed to international fuel price fluctuations, according to Benjamin Nsiah, Executive Director of the Centre for Environmental Management and Sustainable Energy.
10 August 2026 · Joy Online →
Private legal practitioner Martin Kpebu says emails and identification of money recipients are key evidence for establishing whether Ghanaian public officials participated in the AKSA Energy bribery scheme. He noted that testimony from convicted former Tema Oil Refinery Managing Director Asante Kwaku Berko identifying individuals who received alleged payments would be the strongest proof for prosecution.
10 August 2026 · Joy Online →
The Economic and Organised Crime Office (EOCO) has intensified its investigation into the Ghanaian dimension of a bribery case involving former Goldman Sachs banker and former Tema Oil Refinery Managing Director Asante Kwaku Berko, following his conviction by a United States court. The Attorney-General has directed EOCO to escalate the probe using evidence and records obtained through lawful international cooperation with U.S. authorities.
10 August 2026 · The Chronicle →
A CDD-Ghana fellow says Ghanaian law enforcement agencies possess information that could support domestic investigations into AKSA Energy-related bribery allegations linked to a power plant deal, following collaboration with US authorities that contributed to a conviction.
10 August 2026 · Joy Online →
A Democracy and Development Fellow at Ghana's Centre for Democratic Development argues that Ghana must conduct its own investigations into the AKSA Energy deal despite US authorities already taking action, citing concerns about the integrity of public office and Ghana's public procurement processes.
10 August 2026 · Joy Online →
A federal jury in Brooklyn has convicted Asante Kwaku Berko, former Tema Oil Refinery Managing Director, on August 6, 2026, for conspiring to pay bribes totalling more than $1 million to Ghanaian officials between 2014 and 2015 linked to a power plant development agreement. Berko faces a maximum 30-year sentence, with sentencing scheduled for November 10, 2026.
10 August 2026 · The Ghanaian Times →
Former Attorney General Ayikoi Otoo says public officials who received bribes in the AKSA Energy deal could still face prosecution despite alleged offences occurring more than a decade ago, and that courts could order confiscation of related assets and recovery of state losses if wrongdoing is established.
10 August 2026 · Joy Online →
The Economic and Organised Crime Office has cautioned that Asante Kwaku Berko's conviction in the United States does not automatically establish criminal liability against individuals in Ghana, and that any person named in evidence will be assessed independently under Ghanaian law as the Office investigates the Ghanaian dimension of the bribery case.
10 August 2026 · Joy Online →
Ghana's Economic and Organised Crime Office has escalated its investigation into the Ghanaian dimension of former Goldman Sachs banker and ex-TOR Managing Director Asante Kwaku Berko's bribery case, following his conviction in the United States. EOCO said it received a request from U.S. counterparts last year seeking information on specific individuals in Ghana relevant to the investigation, including a former Minister of State and public servants.
10 August 2026 · Joy Online →
Former Attorney General Nii Ayikoi Otoo says evidence of public officials' participation in a criminal agreement is sufficient legal grounds for prosecution in the AKSA Energy bribery scandal, noting that Ghanaian law does not require physical presence at an offence for criminal liability if there is proof of involvement in the conspiracy.
10 August 2026 · Joy Online →
Asante Kwaku Berko, a former banker, was convicted by a federal jury in Brooklyn of violating the U.S. Foreign Corrupt Practices Act and related offences for paying more than $1 million in bribes to Ghanaian government officials in connection with a power-plant project. The article argues that Ghana's anti-corruption efforts must focus on both the givers and takers of bribes.
10 August 2026 · Daily Guide →
The Office of the Special Prosecutor disclosed it provided investigative and evidentiary assistance to the FBI in the prosecution of Asante Kwaku Berko, a Ghanaian-American businessman and former Managing Director of Tema Oil Refinery, who was convicted in Brooklyn, New York on August 6, 2026, over a scheme involving more than $1 million in bribes to multiple Ghanaian officials between 2014 and 2015 related to a power plant development agreement.
10 August 2026 · The Chronicle →