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HomeHeadlineSack Frances Essiam too – COPEC demands

Sack Frances Essiam too – COPEC demands


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The Chamber of Petroleum Consumers-Ghana (COPEC) has asked President Nana Akufo-Addo to sack the Chief Executive Officer (CEO) of the Ghana Cylinder Manufacturing Company, Frances Essiam.

They also want her fired along with the board which the President dissolved earlier this week.

In a statement, the Chamber also tasked the government to make available the report that indicted the board to the general public.
In an interview with Citi News, Executive Secretary of COPEC, Duncan Amoah said the matter would be brought to a conclusion when the Committee report is made public.

“We want the report to be published, if there are findings in the reports that implicate the CEO she must not be shielded, she should not be protected, she must also be made to go home and suffer the same fate as the others, for whatever infraction that has occurred at the Ghana Cylinder Manufacturing Company, ” he said.

CEO, Board in a tussle

There was unrest at the company over the CEO’s disregard for directives issued by the company’s Board.

The Board had queried Madam Essiam over claims that she had mismanaged GCMC, and also awarded some contracts without the approval of the Board or the Energy Ministry, with the discord eventually leading to their vote for her suspension.

A three-member independent committee was subsequently set up by the Energy Ministry in collaboration with the State Enterprises Commission [SEC], to probe the allegations and the subsequent disagreement with the Board.

However, Adam Mutawakilu has described the setting up of the Committee as another attempt to cover up the ‘rot’ at the company, which he says has been the case in a number of other scandals under the current government.

Meanwhile, a three-member committee has been set up by the SEC and the Energy Ministry to investigate the issue.

This is in response to the recommendations of the company’s board at the meeting held on May 8, 2018.

“It is the considered view of the Ministry that due to the nature of the impasse and the fact that the Board is an interested party in the matter, an independent committee will produce a more objective result. Consequently, the Ministry, in Consultation with the SEC, has set up a three-member committee made up of a Senior Lawyer and Governance Expert, a Chartered Accountant and banker, and a petroleum expert at the ministry to investigate the matter” the statement from the Energy Ministry said.

In the meantime, the Ministry of Energy has said it is working with the State Enterprises Commission (SEC) to address the situation.

Source: citinewsroom.com


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