Tema Oil Refinery has emerged as a top-performing institution in Ghana’s Public Financial Management Compliance League Table.

The refinery was ranked second in the latest assessment released by Ghana’s Ministry of Finance on March 19, 2026.

In a statement shared via its official Facebook page, TOR expressed appreciation to staff and stakeholders for their role in achieving the milestone.

Management described the recognition as a reflection of its commitment to accountability and adherence to public financial management standards.

The refinery noted that the achievement highlights a broader culture of transparency, operational discipline, and stakeholder engagement across its activities.

The Public Financial Management Act, 2016 (Act 921) serves as the legal framework guiding fiscal discipline and compliance among public institutions in Ghana.

The PFM Compliance League Table, introduced by the Ministry of Finance, evaluates institutions based on their adherence to these fiscal rules and governance standards.

TOR’s strong performance positions it as a model of good governance within Ghana’s public sector, reinforcing its role in promoting financial discipline.

Management reaffirmed its commitment to sustaining high standards and improving operational integrity in the years ahead.

The refinery also encouraged staff to build on this momentum, ensuring continuous excellence in financial management and corporate governance.