HomeNewsTOR is a bank for most politically active people – Senyo Hosi

TOR is a bank for most politically active people – Senyo Hosi

Tema Oil Refinery has been embroiled in debt, product diversion, and cases of petroleum products theft, among other misappropriations .

Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, says the phenomenon has become an albatross on the neck of the state-owned business .

“TOR has been the piggy bank for the most politically active people,” he told the host of Newsfile, Evans Mensah, on Saturday.

On October 5, the refinery Interim Management Committee said it had interdicted some staff for their involvement in the alleged theft of ¢10.4 million worth of cables .

There is also the disappearance of a BDC client’s 105,927 litres of gas oil on September 4 .

“All that happens is that they keep coming up with new mechanisms to pay off the debts, and that mechanism is taxing the people more…”

Energy Ministry says it will prosecute TOR staff behind disappearance of thousands of litres of gas oil and electrical cables if they’re found culpable .

Senyo Hosi wants stakeholders to engage in an honest contribution to safeguard the company fortunes . He believes there is has been no serious commitment towards finding a lasting solution to the problem .

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