Hot News :
  • A senior member of the New Patriotic Party (NPP), Joe Gharte.. 52
  • The Minister for Finance, Dr Cassiel Ato Forson, has assured.. 86
  • Ghana marched into the quarter-finals of the TotalEnergies C.. 82
  • The United States Government has donated 14 mine-resistant, .. 81
  • The second edition of the Ghana Business League Awards (GBLA.. 202
  • Today marks the 25th anniversary of Otumfuo Osei Tutu II&#39.. 271
Search
Sign In
  • Home
  • News
    • Financial
    • Business
    • Social
    • Extra
    • Politics
    • Health
    • Education
    • Opinion
    • Religion
    • Science
    • Technology
  • Sports
  • Entertainment
    • Music
    • Movie
    • Gossip
  • Institutions
  • Blogs
  • Classifieds
    • Events
    • Auto
    • Real Estate
    • Announcement
  • Lifestyle
    • Gadgets
    • Recipes
    • Fashion
  • Jobs
  • Contact us
Homenews
Scroll Down for More
social news

Confusion Over TOR debt

The Tema Oil Refinery (TOR) is et to address a press conference any time in the near future over the claims made by the running mate of the National Democratic ...

24 Apr 2008
  • 0
  • 219
  • read
  • news, social
Share This
Article:
Font size:
Write a Comment Report
Print

Confusion Over TOR debt Website
The Tema Oil Refinery (TOR) is et to address a press conference any time in the near future over the claims made by the running mate of the National Democratic Congress (NDC), Mr. John Dramani Mahama, that the government has piled up a debt of some $500 million in the name of TOR. So far it remains unclear from government sources whether there is indeed a debt, and what the quantum is if any. Sources at the Ministry of Information and National Orientation on Wednesday told the Searchlight that TOR had been advised to make all information on the alleged debt available for an appropriate reaction to be fashioned out in the nearest future. The same sources insisted that there is no debt, and that if indeed there is a debt, it is not to the tune of $500 million. Meanwhile highly placed sources at the Ministry of Finance told this newspaper on our inquiries that there is indeed a debt, and that it has resulted from the under-pricing of fuel products on the Ghanaian market. "We know that prices are high in this country, but they are nowhere near what other people pay in other countries in the sub-region," the source said, adding that TOR had been forced in recent times to make up the difference. Addressing an energy seminar at the Kwame Nkrumah University of Science and Technology last week, Mr. John Mahama, the running mate to the NDC's flagbearer stated; "Despite the TOR Debt Recovery Levy initiated in March 2003 which had grossed in excess of US$5 million, TOR is currently indebted to the Ghana Commercial Bank alone in excess of $5 million. The Bank of Ghana has expressed alarm about the solvency of the Ghana Commercial Bank." So far government has not come out to deny or confirm this assertion. Efforts the Daily Searchlight made yesterday to get the Minister of Finance Mr. Kwadwo Baah-Wiredu to react to this worrying scenario failed to elicit a response.
Tags :
Science Technology Business Lifestyle

Source: MJFM



Order Re-opening Of Greenland Hotel - CEO
Prev article Order Re-opening Of Greenland Hotel - CEO
Alan: I Am Not Joining RPD
Next article Alan: I Am Not Joining RPD
Related Posts
social
© Image Copyrights Title

Otumfuo marks 25 years on Golden Stool

26 Apr 2024
social
© Image Copyrights Title

Dubai floods: United Arab Emirates struggles to recover after heaviest recorded rainfall ever hits desert nation

19 Apr 2024
Comments 0
Write a comment
Error!
01. 02. 03. 04.
Reply to Comment
Categories
  • social3
  • politics3
  • business3
  • opinion3
  • sports3
  • education3
  • health3
  • technology3
  • religion3
  • extra3
  • financial3
  • science3
  • diaspora3
  • Classifieds
  • Jobs
Popular Tags
  • Gadgets
  • Popular
OnePlus Nord N20 5G Android Smartphone

OnePlus Nord N20 5G Android Smartphone

  • 11/29/2022
  • 12
  • 248
  • Votes: 0 |NaN out of 5
Fitbit Charge 5

Fitbit Charge 5

  • 11/25/2022
  • 12
  • 233
  • Votes: 0 |NaN out of 5
Moleskine Smart Writing Set 2.0

Moleskine Smart Writing Set 2.0

  • 11/25/2022
  • 12
  • 235
  • Votes: 0 |NaN out of 5
Dyson’s air-purifying headphones

Dyson’s air-purifying headphones

  • 12/13/2022
  • 12
  • 251
  • Votes: 0 |NaN out of 5
View more articles

Resident Manager

P. O. Box Ah 9182, Ahinsan, Ashanti, Ghana +233 27 872 7027 i-desk@allghanadata.com

Categories
  • news
  • institutions
  • entertainment
  • blogs
  • recipes
  • classifieds
Links
  • Home
  • Privacy
  • Classifieds
  • Lifestyle
  • Jobs
  • Sitemap
  • Contact us
Subscribe

©2002-2025 . All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • Politics
  • Technology
  • Business
  • Sports
  • Science
Our site uses cookies. Learn more about our use of cookies: Cookie policy
Accept Reject
  • Login
  • Register
Lost Your Password?
or

For faster login or register use your social account.

Connect with Google