Management and Board of Directors of the Tema Oil Refinery (TOR) has noted that their attention has been drawn to news in the air waves about their incompetence by some aggrieved workers of unions of the company.
They stated categorically that this current Board inherited outstanding debts owed since 2009-2016. These include 345 million US dollars, owed to third parties, traders, and Financial Institutions.
They however, clarify that through the efforts of the current Board, the company made some progress. This includes payment of 1 billion cedis debt accrued since 2009 to 2016. They have also cleared 67 million US dollars and continue to clear the outstanding debt.
In a statement signed by the Head of Corporate and Public Affairs, Dr. Kingsley Antwi-Boasiako, he stated that under the current board, TOR has seen more operational days than previous years, as the company carried out long overdue maintenance among others.
They therefore assured staff of continuous engagement in the interest of TOR and workers.
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