The Tema Oil Refinery (TOR) has recorded its highest monthly revenue in the past three years, signaling a potential turnaround under the leadership of its new management team.
The facility generated $2.9 million in revenue in March 2025, exceeding its target by an impressive 150.2%, marking a major milestone for the refinery, which has faced years of operational and financial instability.
The refinery attributed the achievement to the renewed dedication and hard work of its staff, particularly acknowledging the Commerce, Maintenance, Finance, and Safety divisions for their key roles in driving the remarkable performance.
Management credited the success to the ongoing implementation of strategic reforms spearheaded by the new CEO, Dr. Yusif Sulemana.
Management said this accomplishment is a direct result of the commitment and resilience of our staff, who have aligned themselves with the vision of the new leadership.
The milestone also reflects TOR’s readiness to embrace the government’s reset agenda under President John Dramani Mahama, aimed at revitalizing key state-owned enterprises.
Looking ahead, the refinery is expected to roll out a 24-hour shift system at its loading gantry, a move projected to significantly boost operational efficiency and product delivery.
Despite its status as Ghana’s premier oil refinery and one of Africa’s best-configured plants with ample storage capacity,
TOR has struggled in recent years due to aging infrastructure, inconsistent maintenance, and financial mismanagement.
These challenges have limited its ability to meet rising domestic demand for refined petroleum products. However, the March performance has raised optimism about the refinery’s future.
