Accra, March 21, – The management of the Tema Oil Refinery (TOR) has expressed appreciation for its ranking as the second-best institution in the Public Financial Management (PFM) Compliance League Table, recently released by the Ministry of Finance.
In a statement, TOR described the recognition as a significant milestone, attributing the achievement to the collective efforts of its staff and stakeholders.
“We are pleased to announce to the general public our recognition as the second-best institution in the Financial Management Compliance League Table released on March 19, 2026, by the Ministry of Finance,” the statement said.
“This achievement reflects adherence to sound financial management practices and a commitment to accountability. On behalf of management, Tema Oil Refinery extends its gratitude to all staff and stakeholders for their collective effort in achieving this historic milestone.”
The refinery reaffirmed its commitment to maintaining high standards of compliance and good corporate governance.
Rankings Highlights
First Place: Environmental Protection Authority (EPA)
Second Place: Tema Oil Refinery (TOR)
Third Place: Ministry of Energy and Green Transition
The PFM Compliance League Table, launched on March 19, 2026, is part of the government’s initiative to strengthen fiscal discipline, transparency, and accountability in public institutions. It measures how effectively institutions comply with the Public Financial Management Act, 2016 (Act 921), its regulations, and other related laws.
The league table serves as a benchmarking tool, ranking institutions based on their level of compliance while highlighting areas for improvement and the need for targeted corrective actions.
TOR’s recognition demonstrates the refinery’s commitment to robust financial management and continuous improvement, setting a standard for other public institutions.
GHBUSS
21 March 2026
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