TOR MD resigns over allegations of bribery; Akufo-Addo accepts resignation


The Managing Director of the Tema Oil Refinery (TOR), Mr Asante Berko, has on Wednesday April 15 submitted his resignation letter to President Nana Addo Dankwa Akufo-Addo.

Mr Asante Berko, has been accused by the Securities and Exchange Commission of the United States of America of having arranged a US$2.5 million bribe for some Ghanaian government officials and MPs in connection with helping a Turkish firm secure a power purchase agreement deal in Ghana.

The former Goldman Sachs banker, according to the US SEC, allegedly made the payments in 2015 and 2016.

But, Mr. Berko, in a statement, said that the claims against him were false.

He has since tendered in his resignation letter.


A statement issued by the Director of Communications at the Presidency, Mr Eugene Arhin said :

“The President of the Republic, Nana Addo Dankwa Akufo-Addo, has on Wednesday 15th April 2020 received the resignation from office of Mr Asante Berko as Managing Director of the Tema Oil Refinery (TOR).

“This was after he submitted his resignation letter, dated 15th April 2020 to the President.

“President Akufo-Addo has accepted Mr Asante Berko’s resignation, and duly notified the Board of Directors of TOR of this development. The President wished him well in his future endeavours.



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