• Submit article
  • Your News
  • Advertise
  • My LiStingGh
Tuesday, March 9, 2021
28 °c
Labadi
27 ° Wed
27 ° Thu
27 ° Fri
27 ° Sat
  • 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: 2min read
A A
0
Power Play @ GCMC  …CEO, Board Lock Horns, As Company Shuts Down
730
SHARES
1.5k
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

Delta Plane Diverts over California after Passenger Dies Mid-flight

Delta Plane Diverts over California after Passenger Dies Mid-flight

March 5, 2021
Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine

Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine

March 5, 2021

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.

 

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

Delta Plane Diverts over California after Passenger Dies Mid-flight
More News

Delta Plane Diverts over California after Passenger Dies Mid-flight

March 5, 2021
Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine
News

Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine

March 5, 2021
Election 2020…  STAMPPED,  NO RE-RUN!
Politics

Election 2020… STAMPPED, NO RE-RUN!

March 5, 2021
Mahama Prays For Sierra Leone  …Denies Election Rigging Allegations
National

…But Mahama Disagrees

March 5, 2021
“SAME-SEX MARRIAGE WILL NEVER BE LEGALISED IN MY TIME AS PRESIDENT”  – PRESIDENT AKUFO-ADDO
National

Gborbu Wulomo Commends Nana Addo… Over Stance On LGBTQI

March 4, 2021
Sack Osei Ameyaw & Deputy…NLA Staff, LMCs Demand…as they embark on demonstrations
National

Sack Osei Ameyaw & Deputy -GYA Urges President

March 4, 2021
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

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Delta Plane Diverts over California after Passenger Dies Mid-flight

Delta Plane Diverts over California after Passenger Dies Mid-flight

3 days ago
Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine

Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine

4 days ago
Election 2020…  STAMPPED,  NO RE-RUN!

Election 2020… STAMPPED, NO RE-RUN!

4 days ago
Mahama Prays For Sierra Leone  …Denies Election Rigging Allegations

…But Mahama Disagrees

4 days ago

BROWSE BY CATEGORIES

  • Africa
  • Apps & Software
  • Business
  • Culture
  • Entertainment
  • Health
  • Lifestyle
  • More News
  • myblog
  • National
  • News
  • Opinion
  • Politics
  • Reviews
  • Social Media
  • Sports
  • Tech
  • Travel
  • World
  • Your News

BROWSE BY TOPICS

2018 League Africa airbus Amidu Anas Australia Balinese Culture Bali United Budget Travel Champions League China Chopper Bike coronavirus corruption Cuba Côte d’Ivoire Ebony EC Election Results entertainment Europe France galamsey Germany Ghana India Iran Israel Liberia NDC News North Korea NPP People Portugal 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

  • Delta Plane Diverts over California after Passenger Dies Mid-flight
  • Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine
  • Election 2020… STAMPPED, NO RE-RUN!
  • …But Mahama Disagrees
  • Gborbu Wulomo Commends Nana Addo… Over Stance On LGBTQI

Special Links

  • Submit article
  • Your News
  • Advertise
  • My LiStingGh

Quick Links

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

© 2021 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

© 2021 The New Crusading Online - All rights Reserved. Powered by Uthink.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

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
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?