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TOR Pursues KPMG Audit and Debt-to-Equity Swap to Cut US$517m Burden
Summary by News Ghana
1 Articles
1 Articles
TOR Pursues KPMG Audit and Debt-to-Equity Swap to Cut US$517m Burden
NewsGhana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/the-517m-debt-overhang-of-tor-govt-considering-restructuring-debt/The Tema Oil Refinery (TOR) is pursuing a multi-track financial restructuring strategy to reduce its staggering US$517 million debt burden, with plans ranging from an independent audit by global accounting firm KPMG to a proposed debt-to-equity conversion requiring cabinet approval. Mana…
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