The Executive Director of the Centre for Environmental Management and Sustainable Energy (CEMSE), Benjamin Nsiah has called on government to develop a comprehensive strategic policy for Ghana’s petroleum refining and downstream sector to strengthen energy security and reduce the country’s exposure to global oil price shocks. He says a clear policy framework will help guide […]
Ghana’s Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, said he had prepared a roadmap to expand the Tema Oil Refinery’s (TOR) processing capacity to 100,000 barrels per day, following a directive from President John Dramani Mahama.
The Tema Oil Refinery (TOR) is implementing an ambitious turnaround strategy to become a major supplier of petroleum products to the landlocked Sahelian countries, leveraging Ghana’s safe transit corridor and the region’s growing demand.
The Tema Oil Refinery (TOR) has taken delivery of about one million barrels of Bonga crude oil, a development seen as a significant push in its ongoing efforts to restore full-scale operations and strengthen Ghana’s downstream petroleum stability.
Ghana’s Tema Oil Refinery (TOR) is back in operation, offering hope for more stable domestic fuel prices and economic resilience, the Ghana Association of Banks (GAB) said in its 2026 Industry Outlook.
Government plans to restart crude oil refining operations at the Tema Oil Refinery (TOR) by end of this year, as part of efforts to cut the nation’s annual US$10.2billion oil import bill and conserve foreign exchange while stabilising local fuel prices.
The Centre for Environmental Management and Sustainable Energy (CEMSE) has called for a pragmatic, partnership-driven approach to reviving the Tema Oil Refinery (TOR), emphasising that a tolling agreement, rather than an outright sale, offers the most sustainable path to restoring the refinery’s operational and financial viability.
The Sentuo Group says it is investing $980 million in a two million metric ton per annum capacity oil refinery in Tema, with plans for a second phase to increase the capacity by an additional three million metric tons per annum.
The challenges posed by Ghana’s heavy dependence on oil importation are well-documented, with the
country currently importing 97% of its petroleum products.
John Mahama, the flagbearer of the National Democratic Congress (NDC), has vowed to revitalize the Tema Oil Refinery (TOR) if he is elected president in the upcoming December 7, 2024, general elections.