You are here: HomeNews2009 11 04Article 201559

General News of Wednesday, 4 November 2009

Source: --

Confirmed: Kofi Wayo imported crude oil for Ghana

Citi News has confirmed from its sources at the Tema Oil Refinery (TOR) that maverick politician Charles Kofi Wayo imported 5000 metric tons of Crude oil to Ghana earlier this year to help offset shortfalls in petroleum products on the domestic market.

The source disclosed that in July and August this year TOR processed two small consignments of Crude Oil for the domestic market; dispelling the belief that TOR had not refined Crude for close to a year.

In addition to the 5000 metric tons of crude oil imported by Kofi Wayo, TOR also processed another consignment of 7000 metric tons to help offset the shortage of the products on the market.

Charles Kofi Wayo, a Board Member of the Energy Commission had told Citi News that he imported some consignments of Crude after major decision makers doubted his capabilities of striking a deal for Ghana.

He said even though he proved his critics wrong, some government officials still thwarted his efforts by denying to grant him bank guarantees so he could bring in larger consignments of Crude at a much cheaper cost to the state.

“I brought them oil and then the president authorized them to give me a guarantee. Instead of giving me the guarantee, they took that authority and went to do their own business with Sahara…I know they would fight Atta Mills if he wants to deal with me because they want their bribes, they are used to it and I know they are not prepared to give it up.” He said.

Many Ghanaians however doubted Kofi Wayo’s story dismissing it as bogus and self serving.

However Citi News investigations at TOR have corroborated Mr. Wayo’s story and have revealed that the Crude was refined between the 12th and 18th of September this year.

There is however no evidence yet to substantiate Mr. Wayo's claim that the Energy Minister and the Management of TOR sidelined him in favour of Sahara Oil despite President Mills' directives that the two officials secure a bank guarantee for him to facilitate his efforts to secure crude for the country at very cheap rates.