IMF team visits TOR as management pushes to restore operations

A team from the International Monetary Fund (IMF) has visited the Tema Oil Refinery (TOR) to assess the progress made in restoring operations and addressing the refinery's financial and operational challenges.

The visit formed part of the IMF team's engagements with government institutions and selected state-owned enterprises in Ghana to better understand their operations and ongoing reforms.

In a post sighted on X, TOR disclosed that its Managing Director, Edmond Kombat, briefed the delegation on the challenges the current management inherited and the steps taken since May 2025 to bring the refinery back into operation.

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According to Kombat, management has introduced measures to restore confidence in the refinery, including the rehabilitation and restart of its Crude Distillation Unit (CDU), which processes crude oil into petroleum products.

He explained that the refinery has also taken steps to improve financial reporting, strengthen financial controls and introduce staff-related reforms to improve its operations.

The Managing Director further highlighted efforts to secure a steady supply of crude oil to keep the refinery running and prevent interruptions in production.

The IMF delegation was also briefed on ongoing plans to increase the refinery's processing capacity and restore other important facilities that are needed to improve production.

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Management explained that these efforts are aimed at helping TOR play a bigger role in Ghana's energy security by strengthening the country's ability to refine crude oil locally.

Following the discussions, the IMF team toured the refinery to inspect some of the rehabilitated facilities and see the work currently underway.

The International Monetary Fund(IMF) Team Visits TOR

The International Monetary Fund Country Team currently in Ghana visited Tema Oil Refinery (TOR) to familiarize itself with the refinery’s operations and the recovery work undertaken by management.

The visit formed part of the team’s engagements with relevant authorities and selected state-owned enterprises in the country.

In a session with the Managing Director Edmond Kombat Esq., he indicated the operational and financial challenges inherited by the current management and the decisions taken since May 2025to restore confidence in the refinery, including the rehabilitation and restart of crude processing the refinery’s Crude Distillation (CDU).

The Managing Director also explained improvements in financial reporting and controls, staff related reforms and sustained crude supply for continued operations. The team was also briefed on the work still underway and TOR’s contributions to Ghana’s energy security

The delegation was further briefed on ongoing work to increase the refinery’s processing capacity, restore other critical units and position TOR to contribute more meaningfully to Ghana’s energy security.

The discussions were followed by a tour of the refinery, where the team had the opportunity to see some of the rehabilitated facilities and ongoing works. Members of the delegation expressed appreciation for the progress made and the opportunity to gain a better understanding of TOR’s operations and recovery journey.

— TEMA OIL REFINERY (TOR) (@TemaOilrefinery) October 25, 2026