GCMC Board suspends Frances Essiam as CEO


The Board of the Ghana Cylinder Manufacturing Company (GCMC) has suspended CEO of the state body, Ms Frances Essiam following a vote on Tuesday evening.

Six of the nine-member board voted in favour of Ms Essiam’s suspension at a meeting held outside the premises of GCMC due to a lock-out on the orders of Ms Essiam, a situation that barred staff of the company from gaining access to their offices when they turned up for work.

Among other things, the Board wrote to Ms Essiam asking her to explain why she unilaterally contracted a loan to pay workers’ February salary without the board’s knowledge and approval.

The board also demanded answers from the CEO about why she ordered the sale of a disused machine belonging to the company.

She was retrained by the board from touching a GHS5m stimulus package secured for the company by the government.

On Tuesday morning, Class News’ Ibrahim Obeng-Mensah, who was at the offices of GCMC, reported that staff who turned up for work were denied entry.

Ms Essiam, has, however, denied the allegations of financial malpractices leveled against her.

“For all the things that he [board chairman] said, I will take the appropriate means administratively, legally to seek redress and repair my image. The law will take its course…and trust me the law will take its course because I am talking as a woman whose reputation is being wounded,” she told Starr News on Monday.

Source: Ghana/ClassFMonline.com/91.3FM

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