Also known as: TOR
Tema Oil Refinery — Ghana's state-owned refinery processing domestic crude, currently undergoing operational turnaround with government debt relief efforts underway.
Verbatim sentences from the source article.
Joy Online
… However, he said the former minister has categorically denied meeting Asante Berko, the former Managing Director of the Tema Oil Refinery (TOR), or negotiating with him. …
$1m bribery scheme: ‘I’m not so instructed’ – Lawyer on whether OSP has contacted Kwabena DonkorJoy Online
… Hammond, has insisted that his client cannot be held liable for any allegations linking him to corruption perpetrated by former Tema Oil Refinery (TOR) boss Asante Berko. …
Kwabena Donkor can’t be held liable for Asante Berko’s alleged corruption – KT HammondJoy Online
… He cited the Tema Oil Refinery (TOR), which recently announced a profit after tax of GH¢1.24 billion amid reforms aimed at strengthening its operations and contribution to national energy security. …
Ghana’s refining capacity yet to shield fuel market from global shocks – CEMSEJoy Online
… Speaking on Joy FM’s Top Story on Monday, August 10, Mr Kpebu said the strongest evidence would be for the former Tema Oil Refinery (TOR) Managing Director, Asante Kwaku Berko, who has been convicted in the United States in connection with the bribery scheme, to identify the indi …
AKSA Energy case: Emails, names of recipients key to proving Ghanaian officials’ involvement – KpebuThe Chronicle
The Economic and Organised Crime Office (EOCO) has intensified investigations into the Ghanaian dimension of the bribery case involving former Goldman Sachs investment banker and former Managing Director of the Tema Oil Refinery (TOR), Mr. …
EOCO ESCALATES BERKO BRIBERY PROBEJoy Online
… It follows the US conviction of former Tema Oil Refinery (TOR) Managing Director, Asante Kwaku Berko, in the high-profile international bribery case. …
AKSA Energy case: Ghana has evidence to trigger own accountability process – Osae-KwapongJoy Online
… The renewed scrutiny follows the conviction of a former Tema Oil Refinery Managing Director in the United States over bribery-related offences connected to a power plant deal involving Ghana. …
AKSA Energy deal: Ghana must conduct own investigations despite US conviction – Osae-KwapongThe Ghanaian Times
A federal jury in Brooklyn, New York, has convicted Ghanaian American businessman and former Tema Oil Refinery Managing Director Asante Kwaku Berko over a bribery scheme involving more than $1 million. …
Asante Kwaku Berko convicted in US over $1m bribery scheme- OSP revealsJoy Online
… His comments follow the conviction of former Tema Oil Refinery Managing Director, Asante Kwaku Berko, by a United States court over a bribery scheme linked to a power plant deal involving Ghana. …
AKSA Energy deal: Bribery offences not time-barred, assets can be recovered – Ayikoi OtooJoy Online
The Economic and Organised Crime Office (EOCO) has cautioned against assuming that the conviction of former Goldman Sachs investment banker and former Tema Oil Refinery Managing Director, Asante Kwaku Berko, automatically establishes criminal liability against individuals in Ghan …
Asante Berko conviction does not establish criminal liability in Ghana – EOCOThe government has directed Tema Oil Refinery and Sentuo Oil Refinery to maintain existing selling prices to OMCs, expected to keep fuel pump prices unchanged for at least two weeks and provide consumer relief. The move supplements an existing GH¢2 diesel subsidy, with pricing dependent on factors like the Supplier Reference Exchange Rate under Ghana's cost-reflective pricing model.
2 October 2026 · Joy Online →
The government has directed Tema Oil Refinery and Sentuo Oil Refinery to maintain existing selling prices to OMCs, expected to keep fuel pump prices unchanged for at least two weeks and provide consumer relief. The move supplements an existing GH¢2 diesel subsidy, with pricing dependent on factors like the Supplier Reference Exchange Rate under Ghana's cost-reflective pricing model.
2 October 2026 · Joy Online →
The National Petroleum Authority says diesel prices will remain below GH¢20 per litre in October's first pricing window following government intervention, including a suspension of the GH¢1 Energy Sector Levy on diesel and agreement by refineries to maintain previous pricing levels to BDCs, preventing an anticipated rise to about GH¢22 per litre driven by global fuel prices.
1 October 2026 · Joy Online →
Ghana increased domestic petroleum-product production by 350.7% to 878.33 million litres in the first half of 2026 while reducing imports by 12.67%, though a global oil shock and Middle East conflict drove up fuel prices and national consumption continued rising to 4.06 billion litres. The Chamber of Oil Marketing Companies warns that refined-product imports remain Ghana's main supply source, leaving the country exposed to global disruptions.
29 September 2026 · Joy Online →
Ghana increased domestic petroleum-product production by 350.7% to 878.33 million litres and reduced imports by 12.67% in the first half of 2026, though imports remain the country's main supply source. The gains came as a global oil shock, driven by Middle East conflict and Strait of Hormuz disruptions, pushed fuel prices up and national consumption rose 12.24%.
29 September 2026 · Joy Online →
The Ghana National Petroleum Corporation has delivered approximately 950,000 barrels of Sankofa crude oil to the Tema Oil Refinery under a commercial arrangement, aiming to deepen domestic refining and retain more value from Ghana's petroleum resources locally.
26 September 2026 · Joy Online →
Tema Oil Refinery has received 950,000 barrels of crude oil from Ghana's Sankofa-Gye Nyame field through a partnership with the Ghana National Petroleum Corporation, marking the refinery's first time processing crude from the field. The development is expected to boost Ghana's domestic refining capacity and support greater use of locally produced crude.
25 September 2026 · Joy Online →
The Ghana TVET Service has partnered with Tema Oil Refinery to strengthen technical and vocational training through certification, industry-standard training, and work-experience placements for TVET learners. The partnership aims to provide students practical exposure to refinery operations and build a pipeline of skilled engineers, technicians, and maintenance specialists for the oil refining sector.
23 September 2026 · Joy Online →
The Roads Minister says the Tema-Kpone Junction road project had no valid contract or approved scope of work, which hampered construction. The project will be restructured and completed as a concrete dual carriageway under the government's Big Push initiative.
23 September 2026 · Joy Online →
TOR's Managing Director Edmund Kombat attributed the refinery's turnaround to rebuilding the confidence of Bulk Distribution Companies, who had stopped using TOR's storage after products went missing. His personal engagement with BDCs and assurances of full accountability prompted their return, generating revenue through storage charges and transfers.
22 September 2026 · Joy Online →
Parliament's Minority has called on the government to maintain local crude supply to the Tema Oil Refinery amid refurbishment work, and to prioritize workforce commitment to ensure the facility's success.
22 September 2026 · Joy Online →
Ghana's Parliamentary Energy Committee has praised the Tema Oil Refinery for its operational turnaround and use of local engineers in ongoing development, noting the shift from losses to profits under current management within roughly 18 months.
22 September 2026 · Joy Online →
The Ministry of Finance plans to write off about $120 million of Tema Oil Refinery's legacy debt, which currently stands at about $400 million, according to TOR's Managing Director. The proposed write-off is part of efforts to ease the refinery's financial burden following an earlier restructuring exercise.
22 September 2026 · Joy Online →
The Energy Committee of Parliament is conducting a three-day tour of TOR, GOIL and Sentuo Refinery to assess operations, production capacity and fuel supply. The visit comes as fuel prices are increasing and will focus on refinery operations, current capacity, production levels and expansion plans.
22 September 2026 · Joy Online →
The National Petroleum Authority expects Sentuo Oil Refinery to maintain consistent fuel production through December 2026 as a domestic supply source alongside imports. The Chamber of Bulk Oil Distributors estimates that Sentuo and Tema Oil Refinery could potentially meet 25–30% of Ghana's national fuel consumption, though increased domestic refining would not automatically lower fuel prices since refineries purchase crude at internationally benchmarked prices.
20 September 2026 · Joy Online →
The Legal Green Association held a landmark programme bringing together law students, legal professionals and public officials for a conference, annual general meeting and election of new executives for 2026/2027. The event featured speakers including Ghana's Deputy Chief of Staff, Foreign Affairs Minister and Chief Whip of Parliament.
14 September 2026 · Joy Online →
COPEC projects petrol to rise to GH¢16.26 per litre (up 4.24 percent from GH¢15.60) and diesel to GH¢19.07 per litre (up 10.23 percent from GH¢17.30) from September 16, 2026, citing increases in international crude oil prices from $89.30 to $103.07 per barrel.
14 September 2026 · Daily Guide →
The Chamber of Petroleum Consumers is calling for a GH¢1 per litre relief on petrol and continuation of a GH¢2 per litre diesel subsidy as fuel prices are projected to rise to GH¢16.26 for petrol and GH¢19.07 for diesel from September 16, attributed to increases in global crude oil and refined petroleum product prices.
13 September 2026 · Joy Online →
President John Dramani Mahama has directed state-owned enterprises and public institutions to recruit and promote staff strictly on merit, warning that political connections, personal relationships and proximity to power must not substitute for competence, integrity and performance. He also warned boards and managements against conflicts of interest, abuse of office and wasteful expenditure, directing that procurement be lawful and competitive.
11 September 2026 · The Chronicle →
President Mahama told Ghana's state-owned enterprises that they must convert financial gains into lasting operational efficiency and demonstrate credible evidence of value created for citizens, stressing that public ownership must produce public value and that persistent losses can no longer be quietly transferred to the national budget.
10 September 2026 · Joy Online →
Greater Accra Region's team of three contestants won the 2026 Channel One TV and Citi FM Literacy Challenge with 88 points, ahead of Northern Region (85 points) and Bono Region (68 points) in the final standings.
9 September 2026 · The Chronicle →
The Public Utilities Workers Union has urged the government to take greater ownership of Ghana's energy sector challenges rather than relying heavily on IMF and World Bank prescriptions, and questioned why Independent Power Producers' pricing was not receiving greater attention in sector reform discussions.
9 September 2026 · Joy Online →
The Public Utilities Workers Union has challenged the IMF and World Bank to broaden their focus on Ghana's energy crisis to include the pricing structure of Independent Power Producers, arguing that IPP agreements and generation costs are key concerns that must be addressed for lasting energy sector stability.
9 September 2026 · Joy Online →
The Public Utilities Workers Union argues Ghana has capacity to address its energy challenges independently, suggesting focus on structural problems like power generation costs and Independent Power Producer agreements rather than external financing. The IMF estimates a US$1.1 billion sectoral financing shortfall in 2026 due to collection losses and costly generation contracts.
9 September 2026 · Joy Online →
The Public Utilities Workers Union has challenged the World Bank's approach to Ghana's energy challenges, arguing that reform efforts should prioritise structural issues such as power generation and Independent Power Producer pricing rather than other areas. The union's deputy general secretary said Ghana has the capacity to address its challenges without overreliance on international institutions.
9 September 2026 · Joy Online →
The Legal Green Association of the Ghana School of Law will hold its maiden Law Students' Conference on September 11, 2026, in Accra, bringing together law students from LLB, Pre-Bar and Professional Law School programmes to discuss legal practice, political leadership, the legislative process, legal ethics and youth participation in governance.
7 September 2026 · Joy Online →
Dividend payments from State-Owned Enterprises to the Government fell by 45.5 per cent in 2025 to GHS16.0 million from GHS29.36 million in 2024, with only two SOEs—Ghana Re and Tema Development Company—paying dividends during the period.
7 September 2026 · The Chronicle →
Dividend payments by State-Owned Enterprises to the Government fell by 45.5 per cent in 2025 to GHS16.0 million from GHS29.36 million in 2024, with only Ghana Re and Tema Development Company paying dividends during the review period.
7 September 2026 · Joy Online →
An opinion piece argues that the Chief Justice's visits to state-owned enterprises to assess their performance fall outside his constitutional remit, which limits him to heading the Judiciary and presiding over the Supreme Court, and constitute an unconstitutional blurring of separation of powers.
6 September 2026 · Joy Online →
NDC lawyer Hamza Suhuyini defended Chief Justice Paul Baffoe-Bonnie's visits to state institutions, saying building working relationships with public bodies is an inherent responsibility of the office and should not be viewed as political involvement.
3 September 2026 · Joy Online →
NDC lawyer Hamza Suhuyini accused the NPP of hypocrisy, saying the party previously praised the Chief Justice for speaking against illegal mining but now questions his neutrality after he made comments appearing critical of the government's record on state enterprises.
3 September 2026 · Joy Online →