The Tema Oil Refinery (TOR) is pursuing a 2028 listing on the Ghana Stock Exchange to attract private-sector investors and strengthen its governance structure.
Managing Director Edmond Kombat told the second day of the Ghana Economic Forum, organised by the Business & Financial Times, that private participation—particularly from pension funds—would bring independent directors onto TOR’s board and improve corporate oversight.
He added that a public listing would make it harder for future political administrations to force the refinery to collapse and would secure its long‑term sustainability.
Workers and unions at TOR remain vigilant about operations, but Kombat stressed that a stock‑exchange listing is the best option for ensuring the refinery’s future.
