The Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi says products getting lost at the Tema Oil Refinery (TOR) is the tip of the iceberg.
Speaking on Joy FM's Top Story on Tuesday, October 5, 2021, he said the issue of product disappearance is nothing new since it happens under every government.
He is therefore not shocked by the latest development.
The CEO further added that, the refinery over time has been reporting on products not being accounted for.
“We have quite an interesting industry capable of running down an economy so I am not shocked at all. What you see the IMC doing is a remarkable job. This has been happening almost every time and you see these happenings in mainly the government-owned facilities.
“When you pump fuel out of the BOST depot in Accra Plains to Akosombo, you will not get the full fuel there but when you pump water, it will get there perfectly. It is the same thing; we always have product losses,” he told host, Evans Mensah.
His comments come after the disappearance of 18 drums of electrical cables kept at the technical store house of TOR worth 10.4 million Ghana cedis.
The Interim Management Committee (IMC) of the Tema Oil Refinery (TOR) has since interdicted some members of staff over what it described as an unacceptable development.
Commenting on the indictment, Mr. Hosi commended the IMC saying: “they have done a remarkable job. It takes a certain measure of boldness to do what Mr. Anku and his team are actually doing. I saw it today and I was really shocked.”
He again stressed that TOR has no reason to be in this current situation since it has the largest infrastructure and is well positioned to be a market driver as far as storage facilities and industry support are concerned.
Latest Stories
-
Shamima Muslim urges youth to lead Ghana’s renewal at 18Plus4NDC anniversary
48 minutes -
Akufo-Addo condemns post-election violence, blames NDC
56 minutes -
DAMC, Free Food Company, to distribute 10,000 packs of food to street kids
2 hours -
Kwame Boafo Akuffo: Court ruling on re-collation flawed
3 hours -
Samuel Yaw Adusei: The strategist behind NDC’s electoral security in Ashanti region
3 hours -
I’m confident posterity will judge my performance well – Akufo-Addo
3 hours -
Syria’s minorities seek security as country charts new future
3 hours -
Prof. Nana Aba Appiah Amfo re-appointed as Vice-Chancellor of the University of Ghana
4 hours -
German police probe market attack security and warnings
4 hours -
Grief and anger in Magdeburg after Christmas market attack
4 hours -
Baltasar Coin becomes first Ghanaian meme coin to hit DEX Screener at $100K market cap
4 hours -
EC blames re-collation of disputed results on widespread lawlessness by party supporters
5 hours -
Top 20 Ghanaian songs released in 2024
5 hours -
Beating Messi’s Inter Miami to MLS Cup feels amazing – Joseph Paintsil
5 hours -
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
5 hours