Pulse.com.gh logo
Go


Cutting Down TOR staff to forego salaries to save company 

The Managing Director (MD) of the Bulk Oil Storage and Transport (BOST) who doubles as the MD of TOR said the measure will save the company about GH₡ 3.8 million and contribute to the revamping of the company.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The staff members of the Tema Oil Refinery (TOR) have agreed to forgo their November salaries to help revamp the fortunes of the company which has been saddled inactivity for some time now.

The Managing Director (MD) of the Bulk Oil Storage and Transport (BOST) who doubles as the MD of TOR said the measure will save the company about GH₡ 3.8 million and contribute to the revamping of the company.

Speaking during the re-commissioning of the Bolgatanga Depot of BOST on Monday, he said his appointment as the MD of TOR was to facilitate the merger of the two companies (BOST and TOR) to make the two  one giant force in the oil industry in the country.

He indicated that due to mismanagement, Ghanaians now pay 10 pesewas on every litre of fuel purchased to help in the revamping process of TOR.

“For now, we are working on how we can get TOR out of problems and help make it stand on its feet,” he said.

He mentioned that within the next four months TOR will be producing the highest quality petroleum than any company could import into the country.

At the ceremony, Mr Awuah also signed a contract with Sonabhy, a Burkinabe oil company to provide about 60 per cent of its fuel needs through the Bolgatanga Depot.

He said the depot which was constructed in 1990 has been left idle for the past nine years due to lack of patronage.

Minister of the Interior, Mark Woyongo, expressed concern about the numerous filling stations, which are springing up in the northern sector and cautioned fuel dealers to desist from smuggling the product across the borders.

He appealed to BOST to collaborate with the Ministry of Road and Highways to ensure that the roads in the region often used by tankers are maintained.

He commended BOST for undertaking the refurbishment of the Bolgatanga Depot with its internally generated fund and not with financial support of the Government.

Deputy Upper East Regional Minister, Daniel Syme, noted that the reopening of the Bolgatanga Depot would reduce the cost of transporting fuel from Tema and Buipe to the Upper East and beyond as well as create employment avenues for the people in the region.

“I will commend the management of BOST  for strategically establishing this facility in our region to fulfil the vision of providing petroleum product to our neighbouring countries like Burkina Faso, Mali, Niger and beyond”, he added.
 
Source: GNA

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 New Appointment Nana Addo appoints Mahama as Lands Commission bossbullet
2 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Mobile Money MTN freezes account of Ponzi scheme over GH¢11m defaultbullet
6 Menzgold Ghana Investment company closes down its Gold Vault...bullet
7 Nation Builders Corps Gov’t won’t pay SSNIT contributions...bullet
8 $89m Kelni GVG Deal Here's the full contract between Ghana...bullet
9 AirtelTigo 6 things every Airtel and Tigo customer...bullet
10 Nana Appiah Mensah Menzgold to open a new branch in Spainbullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Plane Crash Starbow suspends operations following plane crashbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
5 Money Alert Meet Africa's richest womanbullet
6 Entrepreneurship How to be resourceful as an entrepreneurbullet
7 Support Finance minister buys Kantanka carbullet
8 New Phones Nokia MWC 2018 Event in 5 minutesbullet
9 Entrepreneurship Creating Success Systems | StartUpSchoolbullet
10 Entrepreneurship Failure- How To Deal With It |...bullet

Business