Ghana’s Tema Oil Refinery (TOR) is back in action, with crude oil processing resuming for the first time since 2018. President John Dramani Mahama announced this milestone during his 2026 State of the Nation Address, highlighting the refinery’s new management’s successful completion of extensive turnaround maintenance.
The revival of TOR marks a significant step towards Ghana’s energy self-sufficiency, boosting domestic fuel production capacity. Mahama assured Ghanaians that energy sector reforms continue unabated, emphasizing his commitment to reliable, affordable, and sustainable energy security.
Additionally, Ghana has settled outstanding gas invoices totaling $500 million, owed to ENI and Vitol, ensuring the country is up to date with its gas consumption obligations to Sankofa partners.
Impact on Ghana’s Economy:
- Reduced Fuel Import Bill: TOR’s revival is projected to save Ghana $400 million monthly in fuel imports.
- Job Creation: The refinery’s return to operation is expected to create thousands of skilled jobs.
- Economic Growth: The move is likely to stimulate industrial growth, enhance energy security, and contribute to Ghana’s GDP.
Government’s Plans for Energy Sector Development:
- Energy Sector Reforms: President John Dramani Mahama emphasized ongoing reforms to improve efficiency, strengthen partnerships, and ensure sustainable energy security.
- Renewable Energy Expansion: Ghana plans to operationalize 250 megawatts of solar power and expand mini-grid electrification projects.
- Gas Supply Agreements: The government has settled outstanding gas invoices worth $500 million, ensuring reliable gas supply.
