Finance

$2.5 million worth of fuel condensates for TOR missing – Energy Minister

The minister, widely known as NAPO speaking to the media on April 20, 2023 said that the fund was part of a business opportunity for the refinery to produce premix fuel from condensates from Ghana Gas.

“I gave TOR a new business opportunity in the premix fuel market that all the condensate from Ghana Gas should be used for making premix fuel. The last time I heard, over $2.5 million dollars worth of condensate had gone missing from TOR,” he said.

His revelation comes days after workers of the refinery commenced a series of demonstration demanding for the revamping of the refinery.

Background:

The National Chairman of the General Transport Petroleum Chemical Workers Union of TUC, Bernard Owusu, disclosed that, as workers of the insolvent Tema Oil Refinery (TOR), they are opened for private partnerships to revamp the refinery.

He was speaking on Peace FM’s Kokrokoo in reaction to the series of demonstration being held by the workers of TOR over government’s inability to get the refinery running.

To get their wishes granted, the chairman stated that the government will just have to get the policies structure and they will be willing to have private people come in.

He assured the public that the government is doing everything possible to revive the refinery following an appeal by workers. However, workers are calling for the dismissal of the Managing Director, Jerry K. Hinson, over allegations made against him.

The General Transport Petroleum Chemical Workers Union (GTPCWU) has announced their intention to picket at the Jubilee House, Ministry of Energy, and other strategic locations.

In response, Mr. Hinson in a letter warned workers that any illegal strike action or picketing will be dealt with according to the law, citing clauses 168-171 of the Labour Act.

“Kindly be aware of the illegality of any such actions under clauses 168- 1 71 of the Labour Act and the consequences thereunder for participants/staff involved.

Please be aware of section 171 in particular which emphasises the term “picketing” which is only lawful in furtherance of a lawful strike/industrial action,” he said.

“Kindly be advised finally that participation of staff in any illegal action or picketing or indeed any act that purports to disrupt the activities of the Company or possibly undermine the authority of the Shareholder will be subjected to the prescribed ramifications under the relevant laws.”

Watch the video below:

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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