The denial follows media reports that state utility providers Ghana Water Company Limited (GWCL) and the Electricity Company of Ghana (ECG), have cut supplies to Tema Oil Refinery over hefty debts.
ADVERTISEMENT
'TOR is not on the verge of a shutdown' – Management
The Tema Oil Refinery (TOR), is not on the verge of collapse, the management has said.
Tema Oil Refinery (TOR)
Recommended articles
GWCL has allegedly cut water supply to the refinery for the past month or more due to TOR’s GHS4 million indebtedness to the utility provider.
TOR is also purported to be reeling under a GHS2.3-million debt owed to ECG.
In a statement, however, TOR said: “We wish to refute what is recently being circulated in the media to suggest that TOR is on the verge of a shutdown”.
ADVERTISEMENT
“Such publications from anonymous sources create an unwarranted negative impression of the organisation and hinder the progress of our revitalisation and expansion plans as well as the business operations at large”, the management noted.
“We, hereby, state categorically that TOR is not on the verge of a shutdown”, the management insisted.
Rather, it noted, TOR has been “positioned for its effective turnaround and revitalisation through the support of its shareholder”.
Read full statement below;
'TOR is not on the verge of a shutdown' – Management
Pulse Ghana
ADVERTISEMENT
TOR statement
Pulse Ghana
TOR not collapsing – Management
Pulse Ghana
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
China dethrones USA as the most influential global power in Africa: Report
ByteDance prefers to shut down TikTok in US instead of selling it to American buyer
Delta to serve Ghana with new Airbus A330-900neo
SSNIT may be broke by 2036, may not pay pensioners fully and timely - ILO warns
SML counters KPMG: Denies GH¢1bn payment claim, citing inaccuracy
SML's commitment to transparency shines through amidst audit
Fuel prices expected to stay below GH¢18 - CBOD assures consumers
Rebecca Osam weighs in: Idea vs. Capital - Which holds the key to business success?
