We don’t have any problem with GCB-TOR

Audrey Micah, Ghanadot

Accra, July 27, Ghanadot - The Public Relations Officer, (PRO) of the Tema Oil Refinery, (TOR), Mrs. Aba Lokko, has refuted the publication by the Daily Guide Newspaper that it is on a collision course with Ghana Commercial Bank (GCB), following its decision to divert its account to another bank, after accumulating a debt of over GH¢900 from crude oil imports.

According to Daily Guide TOR which is indebted to GCB to the tune over GH¢600 million (¢6 trillion) in addition to over GH¢300 million (¢3 trillion) owed by Oil Marketing Companies (OMCs), has opened an account with Ecobank, instructing the oil marketers to deposit oil cash there.

But Mrs. Lokko in an interview on Peace FM today, said that for fast and effective business transactions it decided to rather use ECOBANK instead of GCB, but have not diverted its accounts to that bank.

However, she disclosed that TOR has numerous accounts with different banks nationwide. As such, it uses its discretion as to which bank to operate with, at any point in time.

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