Boakye, Benjamin; Owusu-kumih, Eric; Yaotse, Kodzo; … - 2022
Ghana's Tema Oil Refinery (TOR) has a capacity of 45,000 barrels per day. TOR had a total debt portfolio of $320 million by 2003. So far, the public has paid a total of $700 million under the Debt Recovery (TOR) Fund Act of 2003 (Act 624). The Act required that the tax only be used to pay out...