General News
TOR Was Left ‘Deep in Debt and Disrepair’ – MD Reveals
By : Sarah Adwoa Akuetteh
The Managing Director of Oil Refinery, Edmond Kombat, has revealed the scale of operational and financial challenges the refinery faced prior to its recent revival, describing the situation as “depressing” and nearly beyond recovery.
Speaking during an engagement with fellows of the African Extractive Media Fellowship (AEMF), Kombat traced the refinery’s trajectory from a relatively stable position in 2016 to what he described as a near-collapse state by 2024.
According to him, TOR’s debt, which had been reduced from $650 million to about $300 million before 2017, ballooned again to approximately $517 million over the following years, accompanied by operational shutdowns, poor maintenance, and rising liabilities.

He further disclosed that the refinery accumulated significant financial obligations, including debts to the Ghana Revenue Authority, ECG, Ghana Water, and staff-related funds, while also recording years of unaudited accounts and massive cumulative losses. At the same time, critical infrastructure such as storage tanks and processing units were left non-functional, with 17 tanks reportedly out of service and key plants idle.
Kombat painted a picture of an institution plagued not only by financial distress but also internal divisions, low staff morale, and a high attrition rate, with skilled workers leaving for opportunities in international markets, including the Middle East and larger refineries like Dangote. “The place was so depressing that it almost looked like there was no way out,” he admitted.

However, since assuming leadership, he says management has focused on rebuilding the refinery through internal reforms rather than relying on immediate government funding. “Central to this effort was restoring staff confidence and addressing longstanding human resource concerns, including stalled promotions. Over 300 staff petitions were reviewed, leading to promotions and salary adjustments aimed at rebuilding trust and productivity” he said.
With limited financial capacity, the refinery adopted unconventional strategies to generate revenue. These included extending operational hours, attracting regional clients such as Burkina Faso for petroleum storage services, and rebuilding confidence among private petroleum service providers. According to Kombat, these measures helped stabilize revenue streams and support initial restoration works.
A major milestone in the refinery’s recovery came on December 19, 2025, when TOR resumed refining operations after years of inactivity. The primary processing unit, known as the Crude Distillation Unit (CDU), was successfully restored by in-house engineers without external technical support. Ongoing works are also targeting the secondary processing unit (RFCC), which is expected to further enhance output and product value.
Beyond operations, management has initiated efforts to restore critical infrastructure, including rehabilitating storage tanks, modernizing the loading gantry, and recruiting new staff to address an aging workforce. Edmond Kombat noted that over 400 temporary workers and 300 permanent staff have been engaged as part of this rebuilding phase.
He emphasized the strategic importance of TOR to Ghana’s energy security, highlighting its unique capacity to produce aviation fuel and premix fuel, as well as its extensive storage and distribution infrastructure. With storage capacity estimated at one million metric tonnes and connections to key national and regional supply routes, the refinery remains central to the country’s petroleum supply chain.
The Managing Director also warned that neglecting such an asset could have serious consequences, particularly in times of global supply disruptions. He pointed to geopolitical tensions as a reminder of the need for strong domestic refining capacity and adequate fuel reserves.
While acknowledging progress, he maintained that the refinery’s recovery is still in its early stages. “We are just scratching the surface,” he said, stressing the need for continuity in management and policy direction to sustain the gains made so far.
General News
President Mahama sssents to five major bills to reshape security, education, mining and financial sectors
President John Dramani Mahama has assented to five major bills, introducing sweeping reforms across Ghana’s security architecture, tertiary education system, mining fiscal framework, and financial sector protections.
Addressing the development, President Mahama said the newly passed Security and Intelligence Agencies Act, 2026, marks a significant restructuring of the country’s intelligence governance system.
“This Act removes the office of the Minister for National Security and, in doing so, frees the President’s hand to appoint any suitable minister to supervise the security agencies,” he stated.
He further explained that the legislation restores the original identity of the national intelligence service. “It reverts the name of the NIB, the National Intelligence Bureau, to the Bureau of National Intelligence—BNI—so that we eliminate the confusion that existed with a similarly named commercial bank,” the President added.
On higher education reform, President Mahama announced the passage of the University of Engineering and Agricultural Sciences Act, 2026, which establishes a new multi-campus university in the Eastern Region.
“We are setting up a new university at Bonsu as the main campus, with additional campuses at Ohawu and Achirensua in the Ahafo Region,” he said.
Turning to the mining sector, the President outlined changes under the Growth and Sustainability Levy Amendment Act, which adjusts the fiscal regime for mining companies.
“We have reduced the levy on mining companies from 3 percent back to 1 percent, in view of the introduction of a sliding scale royalty system,” he noted.
He explained that the adjustment is designed to improve balance and predictability within the sector. “The objective is to align our fiscal tools in a way that supports sustainability while maintaining competitiveness,” he added.
In the education regulatory space, the President also signed the Ghana Education Regulatory Bodies (Amendment) Act, which removes the requirement for universities to obtain a charter before commencing operations.
“We are streamlining the process to make it easier for legitimate institutions to be established and regulated effectively,” he explained.
Finally, President Mahama assented to the Ghana Deposit Protection (Amendment) Act, aimed at strengthening safeguards for depositors and enhancing confidence in the financial system.
“This amendment reinforces the protection of public deposits held in commercial banks and financial institutions, ensuring greater confidence in our financial system,” he stated.
He said the collective reforms reflect government’s broader commitment to institutional strengthening and economic stability.
“These Acts form part of our broader agenda to modernise governance, improve efficiency, and build resilient public institutions,” President Mahama concluded.
General News
President Mahama Moves to Turn Code of Conduct into Law
President John Dramani Mahama has explained that government’s Code of Conduct for public officials is being strengthened into law, stressing that while an earlier version served as a moral guide, the new framework before Parliament will be fully enforceable.
Speaking at a Presidential Dialogue with Civil Society Organisations, the President said the administration had already introduced internal ethical guidelines for ministers even before the legislative process commenced.
“The code of conduct is before Parliament. But even before Parliament received the bill, we had started our own code of conduct,” President Mahama said.
He noted that the initial version was formally launched at the Presidency shortly after ministerial appointments, with copies distributed to all ministers.
“We published it, and at the time that we appointed our ministers, we gave them copies. There was a ceremony in this very room where we launched the code of conduct and gave it to the ministers and asked them to study it,” he stated.
President Mahama, however, drew a clear distinction between the existing internal guidelines and the proposed legislation currently under consideration in Parliament.
“But now we’re going to legislate the code of conduct. That is the difference. The one that we gave to them was moral persuasion, but now it’s going to be law,” he explained.
He emphasized that once passed, the Code of Conduct would carry legal force and be binding on all public officials.
“And so everything there in the code of conduct, Parliament is going to debate it, and everything in the Code of Conduct will be enforceable,” he said.
President Mahama also expressed confidence in Parliament’s role in refining the bill, adding that the executive would act promptly once the legislative process is completed.
“We leave it to the best judgment of our representatives in Parliament to take the code through the processes, and when they have passed it and brought it as a law, I can assure you that I will assent to it as quickly as possible,” he assured.
General News
Mahama Allocates GH¢100 Million to NAIMOS, Orders Destruction of Illegal Mining Equipment
President John Dramani Mahama has announced a major boost in funding and logistics for the fight against illegal mining, revealing that government has allocated GH¢100 million to the National Anti-Illegal Mining Operations Secretariat (NAIMOS) to intensify its activities this year.
Speaking during a Presidential Dialogue with Civil Society Organisations, the President said the initial allocation is expected to support ongoing operations, with the possibility of additional funding later in the year.
“This year, we are giving NAIMOS GH¢100 million to continue their activity, and I have assured them that they should start with that,” he said. “If during the year we think that they need more money at the mid-year review of the budget, we will allocate some more money to NAIMOS.”
President Mahama, however, acknowledged critical logistical gaps hampering the effectiveness of the anti-galamsey fight, particularly on water bodies.
“There are some things they don’t have. They lack equipment, especially for policing the water bodies. Sometimes you see them in canoes with outboard motors, and sometimes they even have local people paddling them to fight the menace on the rivers,” he noted.
To address the challenge, the President disclosed that government has approved the procurement of specialised patrol boats to enhance surveillance and enforcement along rivers heavily affected by illegal mining.
“The Minister of Finance, who is also acting as Minister of Defence, has approved a budget for them to bring in new patrol boats that are designed for patrolling rivers,” he said.
Highlighting the scale of the challenge, President Mahama referenced the vast stretches of rivers affected by galamsey, stressing the need for more efficient equipment.
“Take a river like the Pra, which is about 120 kilometres long—you can imagine what distance those fishermen’s canoes can cover in terms of patrolling,” he explained. “So they are bringing purpose-built boats that can travel far in riverine areas.”
He added that the boats will be deployed to both the Ghana Police Service and the Ghana Armed Forces to support NAIMOS operations on water bodies.
According to the President, the security agencies have been given firm instructions to take decisive action against illegal mining equipment wherever they are found.
“The directive is that any chamfan machine they find, whether on the river or on land, they should destroy it,” he stressed.
President Mahama further revealed that enforcement efforts are already underway, with daily operations targeting illegal mining activities across the country.
“I get the videos every day, and I can share them with you—every day they are burning and destroying chamfan machines,” he said.
The renewed investment and operational strategy form part of government’s broader efforts to clamp down on illegal mining, protect water bodies, and restore degraded lands.
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