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GCMC CEO Had No Power to Fire Board Member Without Approval – Board Chairman


The Chief Executive of the Ghana Cylinder Manufacturing Company (GCMC) Frances Essiam’s decision to sack the Finance and Accounts manager, a move that has triggered a power struggle in the struggling state company, has been criticised as wrong.

The Board Chair of GCMC, Frank Boakye Agyen, told Joy News, the Finance manager, Julius Opuni Asamoah, who is a Board member was approved by the Board and could only be sacked when the Board approves the decision to do so.

Frances Essiam has said the Finance manager was on probation and therefore could be sacked if performance was unsatisfactory.

Her decision, she said, was backed by the company’s condition of service.

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Photo: Board chair Frank Boakye Agyen and CEO Frances Essiam

But the Board also moved to suspend the CEO after she tried to block a Board meeting on the decision to sack Julius Opuni Asamoah.

He told Joy News that assuming without admitting that the CEO is clothed with this power, it was good governance practice to discuss the decision with the Board first.

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