TOR Earns $2.9 Million in March 2025 – Its Highest Monthly Revenue in Three Years

The Tema Oil Refinery (TOR) has recorded its highest monthly revenue in three years, following a series of reforms introduced by its new leadership.

According to The TOR Guide, the refinery’s official newsletter, TOR earned $2.9 million in March 2025, surpassing its monthly revenue target by an impressive 150.2%.

This milestone, the refinery notes, is largely due to the dedication and resilience of its workforce, who have embraced the strategic direction laid out by the new management team under the leadership of Dr. Yusif Sulemana.

Departments such as Commerce, Maintenance, Finance, and Safety received special commendation for their significant contributions to achieving this record-breaking performance.

The strong March results are seen as a clear sign that TOR is ready to align with the government’s “reset agenda” under President John Dramani Mahama. A key part of this revival includes the anticipated implementation of a 24-hour shift system at the loading gantry, aimed at boosting operational efficiency.

As Ghana’s foremost oil refinery, TOR boasts a favorable configuration and substantial storage capacity, positioning it among the top refineries on the continent. It plays a pivotal role in advancing national economic development and attracting investment.

Nonetheless, in recent years, TOR has faced a range of operational and managerial setbacks. Outdated equipment, irregular maintenance practices, and financial mismanagement have contributed to unstable performance, limiting the refinery’s ability to meet growing domestic demand for refined petroleum products.

With its recent revenue success and planned reforms, TOR appears to be on a path toward regaining its footing and fulfilling its potential as a critical player in Ghana’s energy sector.