According to the workers “appointment of a Deputy Managing Director (Special Projects) is a needless duplication of duties and a recipe for confusion at the top of hierarchy of the company. The financial cost with the appointment, however, the quantum is an avoidable cost.”
A copy of a resolution intercepted by this paper, challenging the appropriateness of the appointment stated that “most companies, in this modern era, are taking strategic steps to reduce the bureaucratic layers at the top. Thus the appointment of a third DMD (Special Projects) where there is one for operators and another for finance and administration is not in line with best practices for corporate governance”.
Already workers are increasingly worried about the company’s struggling economy and fear this additional responsibility will further exacerbate their plight. PUWU earlier raised concerns about GWCL’s substantial $700 million debt arising from the desalination deal as a major financial challenge to the company.
This paper is also reliably informed that the company owes the Electricity Company of Ghana (ECG) some GH600m in bills.
Against this backdrop, the workers have urged the Board Chair to channel his energies to areas that would help ameliorate the plight of the company rather than the haste to appoint a DMD.