After 10 years in the red, Ghana's Tema Oil Refinery (TOR) has posted a remarkable turnaround, recording a profit before tax of GH¢1.24 billion for 2025—a significant milestone for the state-owned facility and a win for Ghana's energy sector.

The audited accounts, presented to the State Interests and Governance Authority (SIGA), mark a dramatic shift for TOR, which has struggled with operational challenges and market pressures over the past decade. This return to profitability signals improved management, operational efficiency, and potentially better market conditions for the refinery, offering hope for sustainable growth ahead. Read the full story →

Today's takeaway: When critical infrastructure bounces back, entire economies benefit—TOR's turnaround could unlock new opportunities for Ghana's energy independence and industrial growth.