• Submit article
  • Advertise
  • My LiStingGh
    • Your News
Thursday, May 19, 2022
27 °c
Labadi
28 ° Mon
28 ° Tue
28 ° Wed
28 ° Thu
  • Login
  • Register
The New Crusading Guide Online
  • Home
  • Politics
  • News
  • Africa
  • World
  • Business
  • Lifestyle
  • Tech
  • Entertainment
  • Your News
  • More News
No Result
View All Result
  • Home
  • Politics
  • News
  • Africa
  • World
  • Business
  • Lifestyle
  • Tech
  • Entertainment
  • Your News
  • More News
No Result
View All Result
The New Crusading Guide Online
No Result
View All Result
Home News

Power Play @ GCMC …CEO, Board Lock Horns, As Company Shuts Down

News Desk by News Desk
May 10, 2018
in News
Reading Time: 2 mins read
1.5k 47
A A
0
Power Play @ GCMC  …CEO, Board Lock Horns, As Company Shuts Down
1.2k
SHARES
1.8k
VIEWS
Share on FacebookShare on Twitter

 

 By Monitoring Desk

The Ghana Cylinder Manufacturing Company (GCMC) is under lock-and-key following what could best be described as power-play between the Chief Executive, Frances Essiam-led management and board of the company.

Consequently, the over 70 workers of the company were yesterday asked to stay home whilst scores of customers who had visited the premises of GCMC for business were turned away with a “no gas” inscription boldly written at the precincts of the company.

Related posts

GA EAST ASSEMBLY DONATES GH¢35K   …To Construct East Kwabenya Police Post

GA EAST ASSEMBLY DONATES GH¢35K  …To Construct East Kwabenya Police Post

May 17, 2022
1.8k
Unite For Peace  …John Kumah Tells Constituents

Unite For Peace …John Kumah Tells Constituents

May 17, 2022
1.8k

Signs of the power play, sources say, began with the sacking of the Finance and Accounts Manager, Julius Opuni Asamoah by the CEO over alleged procurement breaches to which he also petitioned the Board, accusing, Frances Essiam of some malfeasance.

Subsequently, a query was fired to the CEO by the Board to field answers to the petition written by the dismissed Finance Manager, the dispositioning off obsolete equipment without the knowledge of the board, and the CEO’s concern on the alleged abuse of the company’s letterhead by the chair of the board to which the CEO replied, demanding an immediate meeting to look into the issue.

Whether or not the scheduled meeting would come off, the CEO reportedly called of the meeting. The board however passed a unanimous resolution to suspend Chief Executive Officer Frances Essiam.

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

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 speaking in an interview with 3FM on yesterday, 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 would act in his interest only.

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

 

Related

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

45TH AIO AGM LAUNCHED IN ACCRA

Next Post

Gov’t Will Support UG To Actualize Research Findings

News Desk

News Desk

Related Posts

GA EAST ASSEMBLY DONATES GH¢35K   …To Construct East Kwabenya Police Post
Culture

GA EAST ASSEMBLY DONATES GH¢35K  …To Construct East Kwabenya Police Post

May 17, 2022
1.8k
Unite For Peace  …John Kumah Tells Constituents
News

Unite For Peace …John Kumah Tells Constituents

May 17, 2022
1.8k
Yilo Krobo MCE Fights  -Legitimate Landowners With Military Amid Fears, Tension In Somanya
More News

Yilo Krobo MCE Fights -Legitimate Landowners With Military Amid Fears, Tension In Somanya

May 17, 2022
1.9k
Akufo Addo Using The Taxes Wisely – CVM BOSS To Imani
National

Akufo Addo Using The Taxes Wisely – CVM BOSS To Imani

May 17, 2022
1.8k
Retain Divine Agorhom To Break The 8  -NPP Delegates 
News

Retain Divine Agorhom To Break The 8 -NPP Delegates 

May 17, 2022
1.8k
MAHAMA FIGHTS GOV’T  …Over Attempts To Collateralize Heritage Fund
National

MAHAMA FIGHTS GOV’T …Over Attempts To Collateralize Heritage Fund

May 17, 2022
1.8k
Next Post
Gov’t Will Support UG To Actualize Research Findings

Gov’t Will Support UG To Actualize Research Findings

Premium Bank Goes Mute  …Over Auctioned Warehouse

Premium Bank Goes Mute …Over Auctioned Warehouse

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

GA EAST ASSEMBLY DONATES GH¢35K   …To Construct East Kwabenya Police Post

GA EAST ASSEMBLY DONATES GH¢35K  …To Construct East Kwabenya Police Post

2 days ago
1.8k
Unite For Peace  …John Kumah Tells Constituents

Unite For Peace …John Kumah Tells Constituents

2 days ago
1.8k
Yilo Krobo MCE Fights  -Legitimate Landowners With Military Amid Fears, Tension In Somanya

Yilo Krobo MCE Fights -Legitimate Landowners With Military Amid Fears, Tension In Somanya

2 days ago
1.9k
Akufo Addo Using The Taxes Wisely – CVM BOSS To Imani

Akufo Addo Using The Taxes Wisely – CVM BOSS To Imani

2 days ago
1.8k

BROWSE BY CATEGORIES

  • Africa
  • Apps & Software
  • Business
  • Corona
  • Crypto News
  • Culture
  • Entertainment
  • Food
  • Health
  • Lifestyle
  • Mobile
  • More News
  • myblog
  • National
  • News
  • Opinion
  • Politics
  • Reviews
  • Science
  • Social Media
  • Sports
  • Startup
  • Tech
  • Travel
  • uncategorized
  • US
  • World
  • Your News

BROWSE BY TOPICS

2018 League Africa airbus Amidu Anas apiate apiatse appiate Australia Balinese Culture Bali United bogoso Budget Travel Champions League China Chopper Bike coronavirus corruption Côte d’Ivoire Ebony EC Election Results entertainment Europe France Gaza Germany Ghana India Israel NDC News North Korea NPP People Reviews Russia South Africa South Korea Spain Tech UK world Woyome Zimbabwe
ADVERTISEMENT
The New Crusading Guide Online

The New Crusading Guide is a privately own newspaper in Ghana with Mr ABdul Malik Kweku Baako as its Editor in Chief. We give you the latest news

Follow us on social media:

Recent News

  • GA EAST ASSEMBLY DONATES GH¢35K  …To Construct East Kwabenya Police Post
  • Unite For Peace …John Kumah Tells Constituents
  • Yilo Krobo MCE Fights -Legitimate Landowners With Military Amid Fears, Tension In Somanya
  • Akufo Addo Using The Taxes Wisely – CVM BOSS To Imani
  • Retain Divine Agorhom To Break The 8 -NPP Delegates 

Special Links

  • Submit article
  • Advertise
  • My LiStingGh
    • Your News

Quick Links

  • About
  • Advertise
  • Careers
  • Privacy & Policy
  • Contact
  • About
  • About
  • Advertise
  • Careers
  • Privacy & Policy
  • Contact
  • About

© 2022 The New Crusading Online - All rights Reserved. Powered by Uthink.

No Result
View All Result
  • Home
  • Politics
  • Science
  • News
  • World
  • Business
  • National
  • Sports
  • Entertainment
  • Lifestyle
  • Travel
  • Opinion
  • Tech

© 2022 The New Crusading Online - All rights Reserved. Powered by Uthink.

Welcome Back!

OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

error: Content is protected !!
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
x Logo: Shield Security
This Site Is Protected By
Shield Security →