Monday, July 27, 2009
TOR is over staffed - Dr. Kwame Ampofo
The Chief Executive Officer of the Tema Oil Refinery, Dr. Kwame Ampofo says his outfit is over-staffed and will take steps to reduce the number. He made this known on Time with David, a TV program on TV3 on Saturday. Dr. Ampofo said, “TOR is hugely over staffed and it currently has over 900 workers. The facility is supposed to have about 400-500 people.
Some people come and get paid for doing nothing”He also lamented about the over 70 National Service Personnel which he said is just too much for such a facility. “Why do you think everybody is coming to TOR? It’s because they think TOR is “Father Christmas”.
He said the current deregulation regime which is working perfectly, has freed government from borrowing money to import and manage crude oil in the country.Dr. Ampofo hinted that, plans are far advance for the building of new refineries in the country which will bring more money to the economy.
He attributed most of TOR debts to transactional problems facing the refinery, as well as indebtedness by Oil Marketing Companies (OMCs) to TOR. “Government introduced the Debt Recovery Levy to reduce or prevent government from subsidising crude oil in the country. 700 million Ghana Cedis of Debt Recovery Levy was collected and instead of government giving it to TOR, it was put back to the Consolidated Fund which didn’t help reduce the debt of the refinery. To make things worse, the levy is still there but it is at a very low rate now.”
Dr. Ampofo added.He welcomed the production of crude oil in commercial quantities in the country saying, “We will produce and refine our own oil which will be very beneficial to the economy and the country as a whole”. Story by Aglanu Dela Ernest/Myjoyonline/Ghana
Some people come and get paid for doing nothing”He also lamented about the over 70 National Service Personnel which he said is just too much for such a facility. “Why do you think everybody is coming to TOR? It’s because they think TOR is “Father Christmas”.
He said the current deregulation regime which is working perfectly, has freed government from borrowing money to import and manage crude oil in the country.Dr. Ampofo hinted that, plans are far advance for the building of new refineries in the country which will bring more money to the economy.
He attributed most of TOR debts to transactional problems facing the refinery, as well as indebtedness by Oil Marketing Companies (OMCs) to TOR. “Government introduced the Debt Recovery Levy to reduce or prevent government from subsidising crude oil in the country. 700 million Ghana Cedis of Debt Recovery Levy was collected and instead of government giving it to TOR, it was put back to the Consolidated Fund which didn’t help reduce the debt of the refinery. To make things worse, the levy is still there but it is at a very low rate now.”
Dr. Ampofo added.He welcomed the production of crude oil in commercial quantities in the country saying, “We will produce and refine our own oil which will be very beneficial to the economy and the country as a whole”. Story by Aglanu Dela Ernest/Myjoyonline/Ghana
Subscribe to:
Post Comments (Atom)
Ghana Pundit Headline News
E-mail subscription
Pan Africa News
Graphic Ghana
MYJOYONLINE.COM
Peacefm Online - News with a vision
The Times - World News
The Times - Africa News
Pambazuka News :Emerging powers in Africa Watch
AfricaNews - RSS News
The Zimbabwe Telegraph
BBC News | Africa | World Edition
Modern Ghana
My Blog List
-
Has the US Overtaken China in African Investment? - Last week we had a flurry of email requests from reporters who wanted to ask us about the comparative Africa foreign direct investment (FDI) data on Chin...6 months ago
-
African Extractive Industries: PRC Neocolonialism - That the slow development of the African continent can be traced to Western colonialism is an archetype of this field of study: Mainly interested in extr...2 years ago
-
The Emerging Security Threats and Ghana Special Forces (Part 2) - By Lord Aikins Adusei Does Ghana Need Special Forces?West Africa where Ghana is situated occupies a strategically important position as a major energy supp...14 years ago
-
Egyptians mass in Tahrir to honour uprising - Hundreds of thousands of people have gathered in Cairo's Tahrir Square to commemorate the first anniversary of the Egyptian revolution that toppled their l...14 years ago
-
Egyptians mass in Tahrir to honour uprising - Hundreds of thousands of people have gathered in Cairo's Tahrir Square to commemorate the first anniversary of the Egyptian revolution that toppled their l...14 years ago
-
-
-
-
R.I.P.
AfriGator


No comments:
Post a Comment