According to Daniel Titus Glover, a former member of parliament for Tema East, the Tema Oil Refinery (TOR) has to be put back into operation.
According to him, this will help to address the nation’s excessive fuel prices.
Speaking on TV3’s New Day show with Rolland Walker on Wednesday, November 9, he said that the government’s decision to hunt for inexpensive fuel on the global market to deal with the rising cost of fuel in Ghana is a good one for the time being.
In the long run, he advised, TOR should be made to function once more.
TOR must resume operation. In his first speech, the president mentioned finding inexpensive refined petroleum products. While this is fine in the interim, he said, “I want to look at the situation where the refinery can work again because as we speak, the furnace that had a problem a few months ago has been renovated and the crude distillation unit is working.
In his speech on Sunday, October 30, President Nana Addo Dankwa Akufo-Addo stated that the government was seeking to find consistent, affordable sources of petroleum products for the Ghanaian market in order to stabilize fuel prices.
Before then, Kojo Oppong Nkrumah, the minister of information, had stated that the government had given the Energy Ministry and the National Petroleum Authority (NPA) the duty of locating trustworthy and affordable fuel sources.
He declared, “The deregulated market we have here, where BDCs import from major corporations on expensive terms from wherever the refinery is, and bring them in, is contributing to the accelerated increase in fuel prices.
To stop it, the Energy Ministry has been entrusted with locating trustworthy, less expensive fuel sources for the Republic through NPA and other organizations, in order for the OMCs locally to access them and perhaps stop the increase in gasoline prices.