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Asante Berko, Biography

Asante Berko
Asante Berko

Asante Berko is a 47 -year-old Ghanaian investment banker, economist, finance expert, and the former Managing Director of the Tema Oil Refinery in Ghana.

Age

Asante Berko is 47 -years-old currently.

Education

Mr. Berko had his tertiary education at the University of Hull, where he obtained a Bachelor’s Degree in Economics and Accounting

He proceeded to Tufts University to earn a masters in Economics

Asante Berko also holds a diploma in Computer Programming and Data Processing, London-College, and has a one-year certificate program in Econometrics and Regression Analysis from York University, Ontario, Canada.

Career

Mr. Berko’s professional life has seen him occupy various executive positions and perform vital structuring and restructuring roles in globally recognized organizations such as Barclays Capital/ Absa Capital, Credit-Suisse, Ernst & Young, LLP and Goldman Sachs International, London, where he last served as an Executive Director until his appointment to head TOR.

He has earned recognition for restructuring organizations towards growth and profitability and seeks to use his rich background to position TOR on a sound footing and spur the refinery to greater heights.

He was awarded a fellowship at Harvard University where he used the opportunity to develop models that help to understand the difference in value between private and public housing projects through independent research.

He joined the Board of Directors of TOR in January 2020.

Controversies

In 2020, he resigned from his role as the Managing Director of the Tema Oil Refinery after was accused by the United States Securities and Exchange Commission of facilitating the payment of bribes to Ghanaian officials.

In the suit, which was filed in Brooklyn Federal court, the SEC asks for Mr. Berko to pay fines and give back any compensation he earned through the scheme.

On 25th June 2021, Wall Street Journal reported that the former TOR CEO has settled the claim by U.S. regulators that he arranged for millions of dollars in bribes to be paid to government officials in Ghana to help a client win a power-plant contract.

He will pay about $329,000 to resolve the U.S. Securities and Exchange Commission’s case without admitting or denying the regulator’s allegations, according to court filings.

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