The government has announced plans to reassess the operations of the Tema Oil Refinery (TOR) as part of efforts to revamp the facility with a strong emphasis on Ghanaian participation.
This initiative aligns with the country’s local content policy, aimed at empowering indigenous businesses in key economic sectors.
Minister for Energy and Green Transitions, John Jinapor, has been engaging industry stakeholders, emphasizing the need for local entrepreneurs to play a leading role in any restructuring or investment efforts at the refinery.
“Our refinery is also a key integral part of what we intend to do. Our vision is that if we can get you Ghanaian entrepreneurs to lead the process, it will help us a lot.
“We will take a second look at Tema Oil Refinery. But in line with our local content policy, we will want to give the first option to you captains of industry in Ghana here. Where you do not have capacity, I am confident that you can source capacity to augment what you do with it,” the minister said.
