The Tema Oil Refinery (TOR) is seeking dedicated funding to expand its refining capacity, a move management believes could position Ghana as a major supplier of petroleum products to countries across the Sahel while helping reduce fuel prices locally.
Deputy Managing Director of TOR Ltd., Alhaji Mustapha Batalima Abubakar, said the proposed expansion would enable the refinery to meet rising domestic petroleum demand, improve product availability and offer consumers more competitive prices.
He argued that increasing the refinery’s capacity would not only strengthen Ghana’s energy security but also open up opportunities to serve neighbouring markets.
“Our aim is to provide quality petroleum products at cheaper prices to consumers,” he said.
Alhaji Abubakar made the remarks at the Ghana Petroleum Downstream Policy Forum, organised by the Africa Centre for Energy Policy (ACEP) in Accra on November 5, 2026.
He called on the government, regulators and other stakeholders to support the refinery’s expansion plans through a dedicated financing arrangement to facilitate its return to full operational capacity.
Providing an update on TOR’s operations, he disclosed that the refinery had so far processed approximately five million barrels of crude oil.
He added that TOR remains a critical player in Ghana’s petroleum supply chain, producing all the country’s premix fuel, supplying aviation fuel and supporting thousands of direct and indirect jobs.
According to him, restoring the refinery to full operational capacity would further expand employment opportunities, particularly for young engineers and technical graduates.
He stressed that sustained institutional and financial support would be necessary to unlock the refinery’s potential and enable it to play a bigger role in the regional petroleum market.
The forum brought together policymakers, regulators, industry players and civil society organisations to deliberate on regulatory reforms, fiscal arrangements and policy measures to strengthen Ghana’s downstream petroleum industry.
