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First look at Ghana's private-owned oil refinery located near TOR | BizTech 

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In this edition of BizTech on GhanaWeb TV, Mawuli Ahorlumegah joined the Minister of Trade and Industry, Kobina Tahir Hammond, to embark on a familiarization visit to private-owned Sentuo Oil Refinery located near the Tema Oil Refinery.
The facility aims to reach a production of up to 100 percent of national consumption by the time its second phase is completed.
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14 июл 2023

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Комментарии : 146   
@adamf.585
@adamf.585 11 месяцев назад
This is what is called investment If the investor is Ghanaian great And if the investor is a foreigner, it is also great
@relaxationandsleepingwithr2018
@relaxationandsleepingwithr2018 8 месяцев назад
I was amazed when I got there for my interview. I have never see a company as well planned and organised like Sentuo oil refinery. Everything is on point
@estheresthers5050
@estheresthers5050 Год назад
It's all good 👍🏿😊 We need Ghana Dangote 😅 But, l like the speech by the investor. He loves Ghana and he has good intentions to invest in Ghana. God bless him and all of us.
@JohnDoe-ud9ur
@JohnDoe-ud9ur 11 месяцев назад
how do you know his intentions? the man spent 2 billion building this. Of course he would say he loves ghana.
@EmmanuelBondzie-qy5ti
@EmmanuelBondzie-qy5ti 11 месяцев назад
Masa comot for der do you know him, ihave work for him before at his centuo ceramic and guys works his steel company too, do you de plans he has Ghana. Always saying things like yu know it all
@JohnDoe-ud9ur
@JohnDoe-ud9ur 11 месяцев назад
@@EmmanuelBondzie-qy5ti you worked for him so you know his intentions? how does that make sense
@frankodilon5807
@frankodilon5807 Год назад
The way the investor spoke with the 3h 3h means he has been in Ghana for long
@EmmanuelBondzie-qy5ti
@EmmanuelBondzie-qy5ti 11 месяцев назад
U don't know centuo errh, he has 3 to 4 companies here Centuo steel, ceramic, all in Tema
@estheresthers5050
@estheresthers5050 Год назад
All the profits will be exported. Encourage more Ghanaian investors so that the money stays in Ghana to boost our currency and economy. Reboot the Tema oil refinery and make it work for Ghana 😊
@Kodwo1
@Kodwo1 11 месяцев назад
TOR has always been run by Ghanaians.
@dennismarfo3536
@dennismarfo3536 11 месяцев назад
You don't know much about where this political leadership even keep our public funds accrued from crude oil and gold sales; do you?
@kojokwame5201
@kojokwame5201 11 месяцев назад
Reboot? Is that what you say, I don't think our Ghanaian politicians and leaders are going to reboot anything especially after they have already got their personal cuts till grave. The happy faces tells you it's not a national cake, it's personal gains.
@nanakwame2343
@nanakwame2343 11 месяцев назад
Impressive 🙌🏾
@nyabinghi870
@nyabinghi870 11 месяцев назад
Our leaders don't think
@andrewsasarecudjoe3838
@andrewsasarecudjoe3838 11 месяцев назад
We need like minded Ghanaians to put a consortium together and develop a serious and aggressive business concepts in areas of Manufacturing, Agriculture and Real Estate in Tourism and many others.
@FkHustlez
@FkHustlez 4 месяца назад
I’m up for this conversation or group. We can connect on social media and create a group or some sort for this very purpose.
@dennismarfo3536
@dennismarfo3536 Год назад
The next moment they will be using TOR equipments for free without the state benefitting.
@gplate1
@gplate1 11 месяцев назад
Truth
@patrickagyei6547
@patrickagyei6547 11 месяцев назад
Masa you stop your negative talk
@melchizedekagudze262
@melchizedekagudze262 5 месяцев назад
​@@patrickagyei6547 because you know nothing
@melchizedekagudze262
@melchizedekagudze262 5 месяцев назад
The most useless part is the useless speech given by the useless KT HAMMOND who uselessly again classify this under 1D1F.
@tannazzal
@tannazzal 11 месяцев назад
How come such huge investment is going in a country and has advanced to this stage but the minister has never visited the site? Terrible
@gplate1
@gplate1 11 месяцев назад
Serious Issue
@ftufour
@ftufour 11 месяцев назад
When did he became a minister?
@tearsdrop156
@tearsdrop156 11 месяцев назад
He recently became a minister but past ministers in his position may have known
@vigilantghanaian8864
@vigilantghanaian8864 Год назад
This is amazing project. The CEO love Ghana paaa. He also owns other factories. I hope he makes serious profit to build more factories in Ghana.
@JohnDoe-ud9ur
@JohnDoe-ud9ur 11 месяцев назад
you people paa. a foreigner invests 2 billion to build a business and tells you he loves the country and you actually believe him?
@vigilantghanaian8864
@vigilantghanaian8864 11 месяцев назад
@@JohnDoe-ud9ur you that you love Ghana and are born Ghanaian, what have you done for Ghana?
@JohnDoe-ud9ur
@JohnDoe-ud9ur 11 месяцев назад
@@vigilantghanaian8864 I have 2 factories. What have you done?
@vigilantghanaian8864
@vigilantghanaian8864 11 месяцев назад
@@JohnDoe-ud9ur you that you are Ghanaian what factory and millions have you put into Ghana.
@sikazwejerry4620
@sikazwejerry4620 11 месяцев назад
Congratulations!
@gidfactor
@gidfactor 11 месяцев назад
a step in the right direction... expect more...
@asaredouglas5786
@asaredouglas5786 11 месяцев назад
Wow ! Great job
@youngjax
@youngjax 11 месяцев назад
We should be ashame,whats about our own jeweling i mean TOR.
@frankodilon5807
@frankodilon5807 Год назад
Better late than never.
@isaacampah6095
@isaacampah6095 11 месяцев назад
I think this is great news
@princetutu5614
@princetutu5614 Год назад
Is shameful as a country we can't make TOR work effectively all because of politics
@Kodwo1
@Kodwo1 11 месяцев назад
What politics? It is largely the work ethics of the Ghanaian(Government business is no man's business) TOR ought to be run by a private entity.
@asiedu2869
@asiedu2869 11 месяцев назад
Because of our bad attitude, is not about any politics..until we change our lazy mindset, nothing will work....waste all our time in churches..
@richardt1770
@richardt1770 11 месяцев назад
You are stack in an old thinking that , govt alone should be responsible for creating job opportunities across. Remember, the people appointed and recruited to work Team Oil Refinery are all Ghanaians. The question is why govt own enterprises across the country are inefficient and and corrupted? This is because, the old guards aren't ready, or unwilling to introduce freshness into the operations. The Board of Directors, the CEO of the Refinery, including the whole management team have bizarrely failed the nation for doing poorly to revive TOR. Our free market and liberalised economy is perfectly designed to allow private capital to operate freely in the country. The inflow of capital from overseas investors into the country are crucial and critical to alleviate the chronic unemployment problem amongst the youth across the country. Regardless of who investment in the country, Ghanafuo ought to change their attitude to work, whether it is govt work, or private employment. Ghanaians employees often don't show up to work, or being late to work, and expecting to be paid. really!
@asiedu2869
@asiedu2869 11 месяцев назад
@@richardt1770 forget them...
@georgedankwa7408
@georgedankwa7408 Год назад
What about Tema oil refinery?
@frankodilon5807
@frankodilon5807 Год назад
It is tema oil refinery given to outsiders to upgrade and run it for a given Chinese investors
@sakeynii
@sakeynii 11 месяцев назад
I don't understand the heading 'Ghana's first private' is it for Ghana or some individual?
@user-zz1jt6cu9v
@user-zz1jt6cu9v 11 месяцев назад
🎉👏🏿👏🏿 pray for more black( owners soon. Good step in the right direction nonetheless. Kudos to all n sundry
@astonishnuamah2255
@astonishnuamah2255 Год назад
But the Minister seemed to be lost. He didn't say anything substantial
@passinthro6670
@passinthro6670 Год назад
You're right that man is a joke.
@kojokwame5201
@kojokwame5201 11 месяцев назад
It's a Rattling tactics, nothing substantial in the Head to talk about.
@nyarkogyimah1042
@nyarkogyimah1042 3 месяца назад
In Britain,government don’t have a factory.all own’s by private companies & it can be any one ,thank you from London ,
@enochamoah1132
@enochamoah1132 Год назад
Why is it not government project
@josephakwa7718
@josephakwa7718 Год назад
If you're this clueless about the portfolio you're responsible for, you needn't have the TV cameras filming.
@ftufour
@ftufour 11 месяцев назад
He took over that ministry some few months ago, you don’t expect him to know everything!
@sakeynii
@sakeynii 11 месяцев назад
I don't understand how we think in ghana at all, It's not for Ghana but private Ghanaian, how can this be? A Ghanaian who has much money to do this and the whole country upon taxes and resources at this time the country can't do anything for it self to benefit the people like Gaddafi did in Libya. The people managing the country should stop thinking selfishly.
@JohnDoe-ud9ur
@JohnDoe-ud9ur 11 месяцев назад
it's a chinese that owns it
@nanasarfo3817
@nanasarfo3817 11 месяцев назад
That's how it's in every where across Europe. You build the nation with private companies. In Europe there's nothing like government work apart from police, soldiers. Everything is private and that's why you can't mess up with your work because your employer will sack you. It's only in Africa you people complain about government work. Government doesn't create jobs in Europe they only tax. Every government work has been destroyed by the Ghanaians. So what are we talking about?
@JohnDoe-ud9ur
@JohnDoe-ud9ur 11 месяцев назад
@@nanasarfo3817 Major industries in europe are owned by europeans
@astonishnuamah2255
@astonishnuamah2255 Год назад
This is a good news for Ghana
@lion95877
@lion95877 11 месяцев назад
This is rather bad news Ghana
@kwameanti712
@kwameanti712 11 месяцев назад
Wow the trade minister appears clueless
@wunamon
@wunamon 11 месяцев назад
People voted for the likes of him because they claimed others were incompetent
@ftufour
@ftufour 11 месяцев назад
Because he took over that ministry not too long ago, you don’t expect him to know everything
@andrewsasarecudjoe3838
@andrewsasarecudjoe3838 11 месяцев назад
The Chinese are more or less a saviour to our ailing economy. Weldone Mr President, at least, Ghanaians will maintain NPP for continuietyand break the #8
@ghanaiansindiasporaorganiz5318
A step in a right direction ❤
@georgeblayackah9825
@georgeblayackah9825 11 месяцев назад
Which step.we the nzema needs to collapse this project by all means
@michaelselorm1992
@michaelselorm1992 11 месяцев назад
Hmm
@lordjosephamankwaa1330
@lordjosephamankwaa1330 11 месяцев назад
I sometimes listen to our so called leaders and I feel so bad being a Ghanaian. They are so senseless and aimless. Acting as if nothing is possible. All the monies you steal and hide in your foreign accounts can put up much better infrastructure and developmental projects than this. Remember this is an individual investment not state own.....
@enochamoah1132
@enochamoah1132 Год назад
Is the CEO Ghanaian
@buildwithbless88
@buildwithbless88 Год назад
Good work
@vandykecudjoe9515
@vandykecudjoe9515 11 месяцев назад
It’s a shame to not let that of the state work but a private man has been able to build one just close to that of the state and the minister is happy. 😢
@teddyteddy7505
@teddyteddy7505 11 месяцев назад
Because, state-owned has never worked: you and I will not understand each other as it belongs to the government.
@abuyakuwait6037
@abuyakuwait6037 Год назад
Everything Ghanaians will talk against it oh mother Ghana
@kojokwame5201
@kojokwame5201 11 месяцев назад
Allow Ghanaians to express their frustrations on things they know will benefit a foreigner and not them.
@Yesumo1932
@Yesumo1932 11 месяцев назад
@@kojokwame5201it’s a win win situation..remember every businessman run business for a profit and not for loss..I guess if the price of fuel comes down because of this refinery, u won’t be happy right, everything some of u Will complain..this is a good news for the country..I don’t care who owns it, this is called direct foreign investment and besides they partnered with some Ghanaians, as long as it will help the fuel price to come down, that’s what matters..Ghanaians cannot own everything in Ghana..u guys talk too much..TOR has been there for years, yet it’s not being run effectively, so because of TOR, we shouldn’t have private owned refinery..some of u need help seriously..
@prince_kotey
@prince_kotey 11 месяцев назад
Near Valco not TOR
@richarde.3378
@richarde.3378 11 месяцев назад
Ghana will remain poor and poorer, foreigners repatriate their profits abroad weakening the cedis. Fix Tema oil refinery to stabilize the cedis.
@user-vh6db8yo8v
@user-vh6db8yo8v 11 месяцев назад
Just don't let foreigners (especially non-African foreigners) control the Ghanaian economy.
@woodnana7879
@woodnana7879 11 месяцев назад
Sad country. I was waiting to see Kennedy put up such stuff. If foreigners invest, it boosts the economy some way but it would have been a serious boost if it were owned by a citizen of Ghana
@lion95877
@lion95877 Год назад
Criminals, who owns it? Whiles Ghana's economy is going down, they become richer for the next century. How I wish the political system to change for a more transparent and decentralized power just like the UK. We introduce a prime minister system in place of the Prez and limit their power, and possibly change them if they are not delivering what we want , without waiting for general elections which they will always rig. We need a more socialist system
@lllllll7252
@lllllll7252 8 месяцев назад
So seriously, the destroy ghanas own refinery built by Nkrumah. For Chinese to gain over TOR
@sethapoh-hn7fc
@sethapoh-hn7fc 11 месяцев назад
Please who is the owner
@richardt1770
@richardt1770 11 месяцев назад
Is it necessary to know the owner? Grow up
@DirtyEdon
@DirtyEdon 11 месяцев назад
​@@richardt1770Yes so we know the business is Ghanaian owned.
@richardt1770
@richardt1770 11 месяцев назад
@@DirtyEdon What difference does it make, if the owner of the business is Ghanaian? The govt policy of one district one factory is readily available to every Ghanaian who is willing and has the ability to set up a business in the country can apply for Govt financial assistance. Foreign Direct Investment destine to Ghana are also giving special investment packages to enable them to set up businesses in country, so that chunk youth employment in the country can be contained. Unemployment is a big problem in the country and govt is trying hard to lure domestic investors to come on board as well the foreign investors.
@phenixjeanty1070
@phenixjeanty1070 Год назад
Who owns it is it Ghanaian
@gmog7857
@gmog7857 Год назад
NO but AKUFFO ADDO and his family gets a percentage
@kojokwame5201
@kojokwame5201 11 месяцев назад
No 😢
@gmog7857
@gmog7857 11 месяцев назад
This is owned by a PRIVATE CHINESE COMPANY, Akuffo Addo gets a percentage that is why they have abandoned the one Kwame Nkrumah built at TEMA
@starboygh6961
@starboygh6961 10 месяцев назад
Ghana need NPP 4 a better Ghana 🇬🇭
@ProphetYaw
@ProphetYaw 11 месяцев назад
Tor refinery left to rot as usual
@buba76988
@buba76988 11 месяцев назад
See another member of this incompetent team
@abubacarjallow
@abubacarjallow 23 дня назад
I Work get my salary
@joemensah9557
@joemensah9557 Год назад
Is this a Chinese owned business or Ghanaians own business.
@vigilantghanaian8864
@vigilantghanaian8864 Год назад
Ghana owned, you heard the CEO
@doc.georgeandersonjr539
@doc.georgeandersonjr539 Год назад
chinese
@kojokwame5201
@kojokwame5201 11 месяцев назад
​@@vigilantghanaian8864 Stop deceiving the masses. Let the public know the truth that it belongs to a foreigner.
@georgeblayackah9825
@georgeblayackah9825 11 месяцев назад
Theives ruling our country Ghana now . NPP party
@mahacontac5408
@mahacontac5408 11 месяцев назад
Well wake up ghanians a foreigner has invested billions employs hundreds of people pays taxes etc... he ll definetley repatriate the money , he also has taken loans to invest in ghana , what investment has any ghanian done to employ thousands ?none it s always foreign investors and yet ghanians always complain . Pls let a ghanian also do some . What happened to tor 😅😅😅😅
@user-bk5mn7ie1q
@user-bk5mn7ie1q 7 дней назад
It's belonging to the NPP's but Who go say the truth
@gyekyeappaih-kubi480
@gyekyeappaih-kubi480 Год назад
Who owns it? Ghanaians are quick and happy to support foreign companies, which is ok, but definitely not their own. We do everything to sabotage and destroy our own. Ever since Dictator Rawlings destroyed Ghanaian businesses and drove away many businessmen from the country, things have never been the same. Coupled with the thievery of Ghanaian workers the few indigenous industries have always suffered.
@kweku2664
@kweku2664 Год назад
Hahaha that's the hard truth bro this npp are thieves
@gyekyeappaih-kubi480
@gyekyeappaih-kubi480 Год назад
@@kweku2664 ???
@lion95877
@lion95877 Год назад
Why do you have to call Jerry's name in everything negative, focus on those destroying Ghana with all the power they have. It is the political system and the constitution you have to criticise and aim for an inclusive Government system with a socialist mindset, that prioritize all Ghanaian citizens then we will all be happy. Ghanaian and African leaders in general have too much power in their disposal to abuse and evade accountability. We need a prime minister in place of a Prez with limited power. This will enable us change them if they don't do the will of the people without waiting for general elections just like the UK, Sweden, Norway etc. Making the citizens the priority not the politicians. In my opinion this is the way African and Ghana have to go to see a brighter future.
@gyekyeappaih-kubi480
@gyekyeappaih-kubi480 11 месяцев назад
@@lion95877 I appreciate and respect you so much for not insulting. People who don’t agree with you just loose their minds when you say something about someone they idolize. I mentioned Jerry in reference to history. What happened in the past that resulted in the prevailing situation should never ever be forgotten so we don’t repeat it again. Even though some people don’t agree, it is very true that the effects of the excesses of the so-called revolution was devastating. The attack on businesses and businessmen no doubt killed the entrepreneurial spirit of Ghanaians. When I first applied for a business visa as a young man, I was denied initially on the basis of not having a bank account. My answer was that I didn’t save in bank because I didn’t trust a government that interferes in people’s businesses. The consulate new the government could force the banks to provide them with information of targeted businessmen and victimize them. They were satisfied with my answer and gave me the visa! I was stopped at the airport two times and questioned for hours by the BNI as to what business I was doing, where I got the money, how I got the visa and all that nonsense, all because according to them I was too young. So my friend, we need to remind ourselves of the past all the time to inform ourselves of the present and the future. Present and future governments should be pressured to support indigenous businesses. We need to build our own billionaires who will create jobs. Young people should know and understand that governments do not create jobs. Some countries including all the communist and socialist countries in the world tried it in the past, it didn’t work. China is what it is now because fifty years ago it turned around (only its economic policy) and adopted the free market system. As for the present predicament of too much power invested in the executive, I’m sorry to reference history again. Unless you are one of those who refuse to accept the truth when it doesn’t favor them. Again it was your idol JJ and his followers who wrote the constitution as it is now so that he can continue to wield power as he wanted. Not a single person who was opposed to his junta was invited to the constitutional assembly that drafted the constitution. I don’t know how old you are, but matter of fact that was why initially the opposition wanted to campaign against it in the referendum. Later on they changed their minds for a “Yes” vote because it was at least a first step to constitutional democracy. The promise was that it will be amended later. Unfortunately the status quo still remains, because it favors the party in power. Thanks again.
@Slow-xp7bs
@Slow-xp7bs 11 месяцев назад
Useless comment! What has Rawlings got to do with this? Wagadri behavior. Speak truth devoid of blaming someone who has no hands in this.
@isaacKofiNortey
@isaacKofiNortey Год назад
Greedy leaders. Oil refineries shouldn't be privately owned. It shouldn't be a profit-owned enterprise. It should be a Government nonprofit enterprise so that oil and Gas will be cheap small. Resurrect all Nkrumah state own one before you private owned. The oil is for us all
@jakebaba2149
@jakebaba2149 Год назад
Better Ghana has a mix of state owned and privately owned oli refineries.
@frankodilon5807
@frankodilon5807 Год назад
Who told you. It is better to be privately owned and made to compete. Remember the bigger one in Nigeria is owned by dangote
@Kodwo1
@Kodwo1 11 месяцев назад
Because of this kind of mindset that's why TOR is in a mess.Such businesses are effectively run by private businesses.
@kojokwame5201
@kojokwame5201 11 месяцев назад
​@@jakebaba2149Stop deceiving the public. You've killed the publicly owned by promoting private ones; this is called de-industrialization. We've been privatizing all our industrial sectors after Nkrumah's overthrow and till date nothing is getting better. We have not been able to achieve even jst a lil of Nkrumah's achievement after all this Selfish style of leadership and yet we continue this path. We're heading into garbage 🗑️.
@oluakinwale4859
@oluakinwale4859 11 месяцев назад
That Refinery is not owned by either the State of Ghana or a Ghanaian. Its owned by foreigners, unlike in Nigeria where a single individual Nigerian owns Refineries bigger than this. Those foreign companies repatriate profits even though they pay takes to the Sates in which they operate, l would rather see a Ghanaian build and own that Refinery. Ghanaians should learn to own major "means" of productions as its increasingly happening in Nigeria. A Ghana or consortium of Ghanaians top business people should have embark on that projects.
@danielnanayawadjeibediako684
@danielnanayawadjeibediako684 11 месяцев назад
Are you a Togolese?🙄🙄
@JohnDoe-ud9ur
@JohnDoe-ud9ur 11 месяцев назад
@@danielnanayawadjeibediako684 who cares? everything he said is 100% correct.
@ancored
@ancored 11 месяцев назад
As of this moment it's 700 naija per liter of fuel in Nigeria. The locals which is the very poor majority, dont benefit from Dangote owned oil refinery. Most household there have no power. Four hours of power average per day to those who get it. Proud of Ghana's progress for their people.
@oluakinwale4859
@oluakinwale4859 11 месяцев назад
@@ancored so you are comfortable with foreigners owning means of productions in your country abi?! I am shocked to the core reading your comment.
@ancored
@ancored 11 месяцев назад
@@oluakinwale4859 nothing shocking. It is clear that Nigerian owned does the same as foreign owned businesses. There is no Ghana Dangote as yet but the power supply to household is way better than naija by a long stretch
@joemensah9557
@joemensah9557 Год назад
Does any of you ave anything positive to say
@sinasinasco5366
@sinasinasco5366 Год назад
Ghanaian were be sorry.....
@user-vh6db8yo8v
@user-vh6db8yo8v 11 месяцев назад
Fifteen years in Ghana and he still can't speak English?
@melchizedekagudze262
@melchizedekagudze262 5 месяцев назад
Useless KT HAMMOND, you're classifying this under 1D1F. Leaders without vision. Nkurasefoo nkoaaa
@abduzango7711
@abduzango7711 11 месяцев назад
The Mate Meho NPP sakawa vigilante foolsoldiers cartel, nation wreckers and bomb throwers son's and daughters. Na God go punish you upto your last generation
@worldincredibletv2846
@worldincredibletv2846 11 месяцев назад
And God go bring u change 😂Naniama
@abduzango7711
@abduzango7711 11 месяцев назад
@@worldincredibletv2846 @ and share it among your kokoasi nkurasifo family.
@nanasarfo3817
@nanasarfo3817 11 месяцев назад
You see how Nana Akufo Addo and Npp government can build Ghana 🇬🇭 he is a visionary leader just like Osagyefo Dr Kwame Nkrumah. Don't make a mistake to bring an unprofessional leader to power if you want Ghana to be develop.
@asafoawuah4661
@asafoawuah4661 9 месяцев назад
That's great man
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