John Boadu reveals formation of new board for TOR

The Director-General of the State Interest and Governance Authority (SIGA), John Boadu, has disclosed that the government has taken decisive steps to revitalize the Tema Oil Refinery (TOR) by appointing a new board to oversee its management.

He emphasized that the appointment of the new board is part of a series of measures aimed at addressing TOR’s challenges.

In response to this concerning trend, Boadu revealed that the government has intervened by constituting a new board for TOR.

He explained that the board has been empowered to expand its membership from nine to eleven directors, allowing for enhanced oversight and strategic planning.

“I have asked them that within a week, they should let me know what their plans and programmes are, and which areas we can also help,” he told host Emefa Apawu.

The former New Patriotic Party (NPP) General Secretary admitted that the government is partly responsible for TOR’s debt situation because it has chosen to politicize issues rather than allow for proper management.

“One thing that sometimes it is difficult discussing, but it is something that we must discuss as a country is that, you have a government having 100% shares in TOR