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Frances Essiam suspended as GCMC CEO

The board of the Ghana Cylinders Manufacturing Company has passed a unanimous resolution to suspend Chief Executive Officer Frances Essiam.

The resolution was passed on Tuesday after a crunch meeting by the board.

Before the meeting, the board led by chairman Frank Boakye Agyen had demanded some answers from Ms Essiam on several issues including the sidelining of the Ministry of Energy in awarding some contracts.

The board also froze her authority to disburse any amount from the GH¢5 million stimulus package government sought for the Company.

But Ms Essiam proved defiant to the board as she is reported to have ordered the shutdown of the Company ahead of Tuesday’s meeting.

Speaking in an interview on 3FM on Tuesday, she accused the Boakye Agyen-led board of acting in contravention of powers vested in government appointees.

She said she was appointed by President Nana Akufo-Addo and will act in his interest only.

She hinted of resorting to the courts if she finds the actions of the board in stark contrast to the operations of the Company.


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