We have moved on to a new scandal with TOR – Ben Boakye

His concerns come after the government has been reported in a shady deal to lease to a group named Torentco Asset Management for $22 million.

Ben Boakye joins other citizens and experts to decry the details of the deal which they deem “unreasonable” and “shady”.

He said: “3 weeks ago, CSOs were pumped about an illicit sale of GNPC’s assets to PetroSA. It turns out that PetroSA was being bankrolled by a local company for the acquisition. Btw, nothing would happen since the alarm & calls 4 accountability. We've moved on to a new scandal, TOR.”

According to the details of the deal, the refinery will be leased to TAM for 6 years where Torentco is allowed to refine up to 8 million barrels of oil a year by paying $1 million every year as annual rent.

The group will also pay an additional rent amount of $1.067 million per month.

Under the deal, TAM will pay $0.5 for each extra barrel if it refines more than 8 million barrels.

However, some have noted that the Tema Oil Refinery is able to generate up to $700 million dollars a year. Therefore, it will be unreasonable for the government to lease it at that cost.

3 weeks ago CSOs were pumped about an illicit sale of GNPC’s assets to PetroSA. It turns out that PetroSA was being bankrolled by a local company for the acquisition. Btw, nothing would happen since the alarm & calls 4 accountability. We've moved on to a new scandal, TOR. #IMF

— Benjamin Boakye (@benboakye) June 19, 2023