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Thursday, October 28, 2021

Give incoming TOR MD KPIs – COPEC to Energy Ministry

Duncan Amoah, executive secretary COPEC

•COPEC has charged govt to tie the office of the TOR MD with KPIs

•A 3-member committee has been sworn in at TOR after the firing of MD and Deputy

•The committee will run TOR for 3 months

The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has said the incoming Managing Director for Tema Oil Refinery (TOR) must be given Key Performance Indicators.

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His comment comes on the back of the energy ministry inaugurating a 3-member Interim Management Committee to run TOR for a period of at least 3 months.

Commenting on the development, Duncan Amoah said he believes the problems of TOR will persist in the face of political interference.

“Once you start putting the right persons in place, you’ve solved one of the 3 key challenges needed to be dealt with for TOR to be turned around. You need a sound and competent management in place, you also need to detach the overbearing politicking or political interference that happens with the refinery and the third one, get the right investments to upgrade their tools and equipment.”

“We would be hoping that the new managers will be coming in with a certain performance agreement with their appointers knowing strongly what their timelines are in the first 3 months, 6 months, a year etc,” he added.

3-member IMC sworn in at TOR after the firing of MD and Deputy MD

The Chairman of the 3-member IMC is Mr. Nobert Cormla-Djamposu Anku.

The other members are Mr William Ntim Boadu and Mr Okyere Baffuor Sarpong.

Speaking after the swearing-in at the refinery, Dr Opoku Prempeh noted that the IMC was key at this time.

“In order to give the President the time to reconstitute the board, which will come very soon, and probably install new management there is the need for an IMC to be put in place for at least a period of 3 months. We hope they will be able to gather as much information as possible about TOR and on TOR all in furtherance of making it a viable functional entity going forward.”

The Minister also noted that TOR and its crippling debts, infrastructural issues and equipment have been well noted and that since the 4th Republic every President has thought about value addition to our natural resources.

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