Energy Minister inaugurates newly constituted TOR Board

Energy Minister, Dr. Matthew Opoku Prempeh on Tuesday, 26th March, inaugurated the newly constituted Board of Directors of the Tema Oil Refinery.

The 11-member Board chaired by Mr. Leon Kendon Appenteng and with Mr. Kofi Mocumbi Tagoe as Managing Director has been charged by the Minister to use their good offices to champion the drive to bring in new strategic partners to help make the company viable and responsive to the challenges and opportunities of our time.

“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 an 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 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 centred on profit-making as a State-owned company supporting the government of the day.”

Other members of the Board include Dr. Antoinette Tsiboe-Darko, Mrs. Edith Sapare Grant and Nana Akua Bakoma Prempeh. It also includes Mrs. Loraine Crabbe Ababio, Mr. Alfred Thompson, Mr. Joseph Mensah Browne, Mr. Kwame Baffor and Mr. Herbert Ato Morrisson.