Government has denied reports that a new Chief Executive Officer (CEO) has been appointed by President Akufo-Addo for Ghana oil (GOIL).

The Board of Directors of GOIL on Saturday rejected the purported appointment of Osei Prempeh as the new CEO for the oil marketing company.

In a statement released in Accra over the weekend, and signed by the Board Chairman, Professor William Asumaning, it made clear that GOIL has a way of appointing its CEO, and so far as the board was concerned, the procedure had not been activated.

But government in a statement signed by Communications Director Eugene Arhin described as “unfortunate and needless” the statement from GOIL’s Board Chairman adding that the reaction should have been based on concrete evidence and not mere reports.

The statement added that the President, Nana Akufo-Addo “has not appointed a new CEO of GOIL, and when he decides to do so, it will be done in accordance with laid down procedures.”

Below is the full statement


The Office of the President has taken notice of a statement issued by Prof. William Asumaning, the Board Chairman of Goil, on Saturday, February 25, 2017, in relation to the purported appointment of a “new” Chief Executive Officer of the Company by the President of the Republic.

The statement by the Board Chairman references a Ghanaweb publication of 24th February, 2017 titled “Nana Addo Picks New Heads for Forestry Commission, Ghana Health Service and GOIL”.  It is on the basis of this story that Prof. William Asumaning put out his statement.

One would have hoped, in the interest of best practices, that the issuance of such a statement by Prof. William Asumaning would have been hinged on concrete evidence, in the form of appointment letters, and not mere speculation and conjecture by an online publication.

The statement by the Board Chair was unfortunate and completely needless, to say the least.

For the avoidance of doubt, I wish to state that the President of the Republic, Nana Addo Dankwa Akufo-Addo, has not appointed a new CEO of GOIL, and when he decides to do so, it will be done in accordance with laid down procedures.

Source: Ghana/Starrfmonline.com/103.5FM


Send your news stories to [email protected] and via WhatsApp on +233 234-972-832 


Please enter your comment!
Please enter your name here

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