If elected president in the next general elections on December 7, John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has promised to modernize the Tema Oil Refinery (TOR).
According to Mr. Mahama, a cooperative public-private partnership will be established to assist in reviving the country’s struggling oil refinery.
Speaking in Accra during a meeting with stakeholders in the downstream petroleum industry, Mr. Mahama promised to give TOR top priority under his future administration.
“We need to look again at how we can bring the refinery back in place. But I do think that the problems we have with running that refinery is because it is a state-owned enterprise.
“And we all know the inefficiencies that go with state-owned enterprises. And so we are open to private partnership in terms of bringing that refinery back into operation and running it, but we think that whatever private partnership or private participation is invited, it must come through a transparent process.”
