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low economyVERIFIED

TOR reduces negative equity from GH¢7.5bn to GH¢5bn – Kombat

Verified: 2 outlets have reported this story since Nov 11, 2 of them from Ghana.

📍 Tema, GH·🕐 7h ago·2 outlets

The Tema Oil Refinery (TOR) says it has reduced its negative equity from GH¢7.5 billion to GH¢5 billion as part of efforts to restore its financial stability. Managing Director of TOR, Edmond Kombat, says the improvement forms part of a broader restructuring programme aimed at strengthening the refinery’s balance sheet and positioning it for long-term…

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✓ Verified · 2 outlets

Two or more outlets reported this story and its reliability score reached 65%, so WorldPulse marks it verified. That means more than one outlet says so, not that it is proven true.

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Who reported it

The story so far · 2 reports · ✓ Verified Nov 11, 11:19 PM UTC

2 outlets from Ghana, where the story is: 3News, MyJoyOnline · how we count

  1. Nov 11, 4:30 PM UTCFirst report· you’re reading this
    TOR reduces negative equity from GH¢7.5bn to GH¢5bn – Kombatmyjoyonline.com ↗
  2. Nov 11, 11:19 PM UTC+7 h
    TOR cuts negative equity to GH¢5bn, targets GSE listing by 2028 – Kombat3news.com ↗
  3. Verified: a second independent outlet reported itNov 11, 11:19 PM UTC · +7 h
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Reliability
88%

Very high · How we score this

Risk Score
low risk