Ghana: TOR Must Tread Cautiously

analysis

Accra — During the first quarter of this year, President Mills traveled to Nigeria to negotiate with his West African counterpart, Umaru Yar'Adua for the supply of crude oil to Ghana. Though reports that came out after the meeting suggested that a deal had been clinched, the oil never came.

As the opposition kept asking when the crude oil would finally arrive, workers of Tema Oil Refinery (TOR) also joined the fray, by putting pressure on their management to secure crude oil for the refinery which had been laying idle for some months now, to resume its operations. In response to this request, the TOR management last weekend announced that it had clinched a deal with a Nigerian company to supply crude oil to the refinery, and that the first consignment would arrive in the country on Wednesday (yesterday).

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