Ghana’s premier oil refinery, Tema Oil Refinery (TOR) has discovered that 18 drums of electrical cables worth and GHS10.4 million has disappeared from its Technical Storehouse.

The disappearance of the electrical cables was detected in April 2021.

Additionally, the company discovered that on 4th September 2021, 105, 927 litres of gas oil, which belongs to a BDC client, disappeared.

It also detected the disappearance of an LPG product belonging to a client between 2012 and 2015, as a result of which TOR was indebted to the client to the tune of USD4.8 million, as confirmed by an Ernst and Young audit.

It further detected the wrongful loading of 252,000 litres of Aviation Turbine Kerosene (ATK) instead of regular kerosene into BRV trucks at the loading gantry between 21st and 25th September 2021.

These revelations were contained in a statement issued on Monday, October 5, 2021, by TOR’s Interim Management Committee (IMC).

The statement also cited the issuance of an unauthorized letter admitting debt liability to TOR with attendant computation of interest without the approval of the IMC and loss of Naphtha to a BDC client.

The three IMC chaired by Ing. Norbert Anku was constituted in June 2021 after the dismissal of the Managing Director of TOR Mr Francis Boateng and his deputy Mr Herbert Ato Morrison.

The statement confirmed the interdiction of some staff of the refinery for their roles in causing financial loss to the company as earlier reported by

“The Interim Management Committee (IMC) at the Tema Oil Refinery (TOR) Ltd. has, as part of its ongoing mandate to conduct Technical and HR audits, and also access viable business partnerships for the Refinery have concluded that consistent product and financial losses need to be eradicated if the Refinery is to meet its vast potential.

Hence the IMC has committed to establishing a ‘zero-tolerance culture for unacceptable product losses’, commenced investigations into several product storages and transfer losses recorded in the company over some time.

“Consequently, several workers who hold various positions of responsibility and accountability concerning the transfer of products have been queried and interdicted pending the outcome of investigations.

“The IMC, however, wishes to reiterate that the investigations will be carried out with due consideration to a fair process. We implore everyone to be patient and not jump to any conclusions until investigations have been completed.

“Individuals who are found not responsible nor accountable for the financial and product losses would be fully restored while those found responsible and accountable in the chain of command (concerning product losses during storage, movement and transfer will be dealt with accordingly.”