In response to the recommendations of the Board of Ghana Cylinder Manufacturing Company (GCMC) at a meeting held on 8 May, 2018, the Ministry of Energy has set up an independent committee to look into the allegations of malpractices levelled against the CEO, Frances Essiam by the Board.
According to a statement by the Ministry of Energy and copied to Newsghana.com.gh on 9th May, 2018, it stated that, “It has also come to the notice of the ministry that the board of the GCMC has, in a meeting held on 8 May 2018, suspended the CEO of the company and subsequently recommended the establishment of a committee to ‘conduct investigations into an allegation of malpractices leveled against the CEO by a senior member of staff”
The statement also indicated that, “It is the considered view of the Ministry that, due to the nature of the impasse and the fact that the Board is an interested party in the matter, an independent committee will produce a more objective result.”
“Consequently, the Ministry, in Consultation with the SEC, has set up a three-member committee made up of a Senior Lawyer and Governance Expert, a Chartered Accountant and banker, and a petroleum expert at the ministry to investigate the matter,” The statement noted.
Meanwhile, the Ministry of Energy said it was working with the State Enterprises Commission (SEC) to address the situation, and further assured Ghanaians that, the Ministry and its Energy Sector Agencies are fully committed to work in the interest of Ghana to ensure the necessary structures are put in place for the prudent utilization of the gas resources that the nation is so endowed with.