The State Enterprises Commission (SEC) has asked the board of the Ghana Cylinder Manufacturing Company (GCMC) to freeze the suspension of Frances Essiam as chief executive of the company.
The decision, according to SEC, is to enable a three-member committee set up in consultation with the Ministry of Energy to look into the ongoing impasse between the Board of GCMC and Ms. Essiam.
The committee has two weeks to submit its report.
A letter dated May 7, 2018 signed by Stephen Asamoah Boateng said in part: “in view of the serious happenings at GCMC (that I’m also privy to), I am by this letter informing you, the Board Chairman and other Board Members that I have constituted a 3-member team to investigate the issues at Ghana Cylinder Manufacturing Company Limited and report by 31st May 2018”
The Board of the GCMC on Tuesday May 8 passed a unanimous resolution to suspend Chief Ms. Essiam at a crunch meeting.
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.
Despite her suspension, she showed up Wednesday morning at her office to assume official duties.