Audio By Carbonatix
Government is considering privatizing the Tema Oil Refinery to guarantee the proper management of the state asset.
The Tema Oil refinery has been shut down a number of times with some proposing for the complete sale to private investors to manage and make it profitable.
Even as workers of TOR await the opening of the refinery after months of shut down, Minister of State at the Presidency, Rashid Pelpuo said government is considering divesting the refinery to make it profitable.
Speaking on the AM Show on Multi TV, Rashid Pelpuo said government does not find it amusing to see a lot of funds pumped into the state company and still reel in losses.
“The present situation is to look out for other people to help us to manage it and every time it is becoming a drain to our national resources. It is unacceptable.
“I think that if management is the issue let’s get some people on board. Ghana should hold the majority shares; get other people buy into it, let’s all manage it,” he told Joy News Francis Abban.
That he said will make the refinery more profitable.
But Vice Chairperson of the CPP Susan Adu Amankwah objected to the sale of the refinery.
Also speaking on the AM Show, Adu Amankwaa explained that government must do all it can to manage the company and avoid taking the easier option of privatization.
“What is your wealth? The properties you own and if we are going to sell all our properties what is our wealth,” she said.
She added the refinery can be made far more efficient by firing the incompetent ones.
Selling the refinery is the easy option, she noted.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
FDI inflows hit US$2.61bn in 2025 – GIPC
32 minutes -
Sixteen pupils killed in Kenya school fire
48 minutes -
Ghana’s tax gap: New levies loom in mid-year budget
48 minutes -
Ashanti region: Mining pit collapse kills 4 illegal miners at Bepotenten Sukuumu
53 minutes -
Asanko Scholarship Programme supports 31 students in the Amansie West and South districts
1 hour -
When the message excludes the customer: Insights from MTN’s tariff announcement on financial inclusion in Ghana
1 hour -
Weija Dam spillage submerges Tetegu, Sampah Valley, and Choice communities
1 hour -
Toyota Ghana launches new RAV4 Hybrid with self-charging technology
1 hour -
ILAPI commends Ministry of Finance on the Inter-Agency Working Group to manage unclaimed funds
1 hour -
Pregnant woman from Ghana detained with child at Dulles Airport, ACLU says
2 hours -
Today’s front pages: Thursday, May 28, 2026
2 hours -
51km of Accra-Kumasi Expressway corridor cleared; compensation plans underway – Finance Minister
2 hours -
AfDB forecasts 5% GDP growth for Ghana as macroeconomic indicators strengthen
2 hours -
Menstrual poverty: United Pension Trustees calls for an end to menstruation stigma
2 hours -
Vaccine survey reveals strong public confidence as Ghana pushes local manufacturing agenda
3 hours