Some workers of the Tema Oil Refinery (TOR) are demanding the removal of the company’s Board of Directors with immediate effect.

The workers spotted singing and clad in red cloths on Wednesday said the Board has failed in its supervisory role as the refinery is unable to make proper investments to generate revenue.

Speaking to the media, Chairman of the Workers Union, Bright Adongo said, “the workers’ concerns are that the Board of TOR must be sacked and must be now.”

He further stated that the workers’ protest is as a result of the board’s inability to make proper investments to generate revenue.

“The workers believe that the board has failed to exercise that oversight responsibility needed to bring checks and balance timelines and management to implement proposals that would have changed the cash flow structure within the refinery,” he said.

“These are things we have control over and with most of the reports, you don’t even need the resource to implement them, and still for these two years the board has still not been able to exercise that oversight responsibility for management to implement it, then it means that the board has failed the Tema Oil Refinery,” he added.

According to him, the Board has not been innovative as it has not liaised with management in terms of financing coupled with some other challenges faced by the refinery.

“If you don’t invest in the refinery, how does the refinery expand, how does the refinery increase margins, TOR’s Board was able to lobby Parliament, lobby the presidency and got TOR’s margin increased and passed, it’s been financed, this is a buy and sells…,” he stated.

“With production economy, you demand a lot in terms of the materials that go into the plant so definitely, if the Board has not been able to move in a direction to recapitalise the refinery then clearly the board is out,” he added. 



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