John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has committed to revitalizing the Tema Oil Refinery (TOR) if he is elected president in the upcoming 7 December general elections.
Speaking at a meeting with stakeholders in the petroleum downstream sector in Accra, Mr Mahama emphasized the importance of a joint private-public partnership to rejuvenate the nation’s struggling oil refinery.
He acknowledged the inefficiencies typically associated with state-owned enterprises and proposed involving private partners to enhance TOR’s operations.
“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,” he stated.
He further noted the necessity of a transparent process in any private partnership, ensuring accountability and efficiency in the refinery’s revival.
“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,” Mahama added.
SOURCE: DAILY MAIL GH
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