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Ghana: TOR returns to profit after years of losses

Rédaction Africa Links 24 with Ghanaian Times
Published on 2026-09-02 09:09:00

The Tema Oil Refinery (TOR) has staged a major financial turnaround, moving from a net loss of GH¢745.27 million in 2024 to a net profit of GH¢1.093 billion in 2025, the 2025 State Ownership Report of the State Interests and Governance Authority (SIGA) has revealed.

The performance marked TOR’s first profit in almost a decade and placed the refinery among the most significant individual success stories in the government’s State-owned enterprise (SOE) portfolio for the year.

According to…

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