Beleaguered Managing Director of the Tema Oil Refinery, Asante Berko has resigned.

Mr. Asante Berko tendered in his resignation to the President, Nana Akufo-Addo, on Wednesday, April 15.

A statement from the presidency announcing the president’s acceptance of the resignation of Mr. Berko read:

“The president of the Republic, Nana Addo Dankwa Akufo-Addo has on Wednesday 15th April, 2020, received the resignation from office of Mr. Asante Berko as Managing Director of the Tema Oil Refinery (TOR). This was after he submitted his resignation letter dated, 15th April, 2020 to the president."

“President Akufo-Addo has accepted Mr. Asante Berko’s resignation, and duly notified the Board of Directors of TOR of this development. The President wished him well in his future endeavours,” the statement concluded.

The ex-Goldman banker has been cited in a civil suit by the Securities and Exchange Commission in the US for the alleged bribes.

The US SEC claims in its lawsuit filed on Monday that, Asante Berko, a former executive at the Goldman’s London subsidiary, facilitated up to $4.5million to help a Turkish company to win a contract for a power plant.

The said contract was approved in 2015, during Ghana’s chronic power crisis.

On Tuesday, Mr. Berko, in a response to the allegations which have received vast media coverage, said in a release Tuesday that the SEC’s claims are “false.”

“I state categorically that I have not paid any bribes to government officials, Members of Parliament nor any officials of Parliament," maintained.