A joint six-member committee has been established by Tema Oil Refinery Ltd. (TOR) and TDC Ghana Ltd. to tackle ongoing issues related to TOR’s land lease term and other associated matters. The initiative follows a meeting between TOR’s Acting Managing Director, Mr. Edmond Kombat, and TDC’s Managing Director, Mr. Courage K. M. Nunekpeku, during which they agreed to work together on TOR’s lease renewal concerns.

Committee Composition and Leadership

• Three representatives from TOR and three from TDC
• Jointly chaired by:

• Alhaji Abdul Al-Mumin Yakubu, GM, Finance & Administration, TDC Ghana Ltd.
• Mr. Peter Doe Adukpo, GM, Finance, TOR Ltd.
• Other members: Mr. George Opoku Ware Boateng, Mr. Henry Siaw Gyamfi, Mrs. Sarah Donkor, and Mr. Paul Mensah Dela Galley

Terms of Reference

• Assessing the renewal premium for TOR land leases, including any applicable discounts
• Reviewing—and if necessary rescinding—the 60-year sublease of part of TOR’s land to GOIL
• Evaluating ground rent arrears on all properties currently leased by TOR