By Love Wilhelmina Abanonave
The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Edudzi Kudzo Tameklo, has stated that approximately $200 million is needed to properly revamp the Tema Oil Refinery (TOR) and boost its production capacity.
Speaking on TV3 New Day on Monday, December 29, the CEO emphasized that while the government has made strides in restarting TOR’s operations, more investment is required to take the refinery to the next level.
“Though the refinery has resumed operation, I strongly believe we need to encourage government to invest more,” he said.
According to Mr. Tameklo, the goal should not be to have a refinery that only serves the Ghanaian market, but one that can cater to the needs of the broader region. “I do not think we need to have a refinery that only serves the Ghanaian market but one that serves beyond the borders of Ghana as well.”
Mr. Tameklo also paid tribute to Ghana’s first President, Dr. Kwame Nkrumah, for establishing the Tema Oil Refinery to ensure the country’s energy independence. However, he lamented that Ghana has regrettably not been able to sustain the refinery’s operations over the years.
“If TOR is able to ramp up production to up to 45,000 barrels a day, it will project the country well,” he further added, expressing optimism about the refinery’s potential.
