Comprehensive  Ghana Oil and Gas news, information, updates, analysis

News in Brief

GHC1.5billion TOR money ‘missing’ – Auditor General’s report

  • SOURCE: | qwesa2big
  • Between January and September 2015, an amount of GHC1,561,434,333.31 billion was debited to the petroleum revenue account at the Bank of Ghana without the knowledge of the management of the Tema Oil Refinery (TOR), the 2016 Auditor-General report has disclosed.

    TOR’s management has not been able to offer any explanation for the withdrawal.

    According to the report, the failure of TOR’s Accountant to prepare monthly bank reconciliation statements, resulted in the loss.

    The A-G has, therefore, recommended that the Accountant prepare monthly reconciliation statements to enable prompt action to be taken on such deviations, and also advised that the withdrawal should be investigated and officials involved in the act sanctioned.

    Leave a reply

    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes ( with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Twitter Activity Stream

    Partners We are proud to be associated with:

    Skip to toolbar