Government remains committed to the full operationalization of TOR -Akufo-Addo
His Excellency, Nana Addo Dankwa Akufo-Addo commissioned Sentuo Oil Refinery and assured Ghanaians that his government remains committed to the full operationalization of TOR.
On Friday, 26th January 2024, H.E Nana Addo commissioned the Sentuo Oil Refinery and said “The Sentuo Oil Refinery, which, for me, is a symbol of our determination to shape our destiny, strengthen our economy, reduce our dependence on foreign oil, and inspire investment in our economy.
“The operationalisation of this refinery is a pivotal step towards securing our collective energy future, and is a good demonstration of the co-operation between the public and private sectors, that has enabled this investment to materialise.
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“It is essential to recognize that some ninety-seven percent (97%) of our current consumption of petroleum products is imported, resulting in a heavy reliance on external sources. This overreliance not only poses economic challenges such as high costs, and the constant drain on our foreign currency reserves, but also limits our ability to control prices and ensure a stable supply. The establishment of this refinery signifies our commitment to reducing this dependence, achieving self-sufficiency, and driving the growth of our domestic petroleum industry.
“The challenges of another domestic oil refinery, the Tema Oil Refinery, are well documented. Nonetheless, I want to assure the Ghanaian people that Government remains committed to the full operationalization of TOR, and we will stop at nothing to bring it back onstream so that, together with Sentuo, more and more of our oil will be refined right here in Ghana.”
SOURCE: Coverghana.com.gh
