GCMC 'shuts down' over board-management disagreements

BY: Enoch Darfah Frimpong
GCMC 'shuts down' over board-management disagreements. PICTURES BY DELLA RUSSEL OCLOO
GCMC 'shuts down' over board-management disagreements. PICTURES BY DELLA RUSSEL OCLOO

The Ghana Cylinder Manufacturing Company (GCMC) was Tuesday 'shut down' following an alleged disagreement between the Board of Directors and the Chief Executive Officer, Ms Frances Essiam.

The company, Graphic Online gathers was closed on Tuesday on the orders of the CEO.

Useful links Ghana Politics | Ghana Celebrity News | News in Ghana

The move, according to sources was to prevent the Board of Directors from getting access to the premises of the company, located at Spintex in Accra to hold an emergency meeting on some matters, some of which were to do with a query to the CEO, Ms Frances Essiam. 

Ms Essiam has however discounted the reason for the closure and explained the company had run out of LPG and also had no domestic cylinders for sale, rather the bottles they had in stock were for distinct clients and not for sale to everybody.

The Board had planned an Emergency meeting for Tuesday, May 8, 2018 at 2pm at the Boardroom of the company.


Useful links Ghana news | Ghana Business News | News in Ghana

The Agenda for the meeting Graphic Online gathered, was to discuss the Board’s query to the CEO and her subsequent response, a petition from the dismissed finance and accounts manager to the board and the CEO's concerns on the use of GCMC letterhead by board chair and other matters.

On why the company was closed on Tuesday, some workers told Graphic Online they received information from "above" not to report for work on Tuesday.

Graphic Online’s reporter, Della Russel Ocloo who visited the company’s premises reported that it was only security personnel who were at post.

for current Ghana news | Ghana Business News | News in Ghana

According to our reporter, some board members who arrived for the 2pm emergency meeting were left stranded at the entrance of the company since the gates were locked.

She said some clients who visited the company also left disappointed.

….more to follow