Energy Minister, Dr. Matthew Opoku Prempeh, inaugurated the newly formed board of directors of the Tema Oil Refinery (TOR) on Tuesday, March 26.

The 11-member board, chaired by Leon Kendon Appenteng and with Kofi Mocumbi Tagoe serving as Managing Director, has been tasked by the Minister to utilise their expertise to spearhead the effort in attracting new strategic partners to enhance the company's viability and adaptability to the current challenges and opportunities.

Dr. Opoku Prempeh emphasised that this objective stands as the primary rationale behind their appointments by President Akufo-Addo.

“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.

"Despite several interventions in the past, TOR seems to remain in distress. This cannot, and must not continue” the minister said.

“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.,” he said.

“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 take advantage of the demand for your services.”