Goil board chairman ignores Akufo-Addo’s appointment

The board chairman of Ghana Oil Company Prof. William Asumaning has accused President Akufo-Addo of sidestepping the due process in removing and appointing chief executive officer for the oil company.

The president fired the CEO and Managing Director of Goil Mr. Patrick A.K Akorli, and appointed Mr. Osei Prempeh to replace him. His decision has been criticized by some including the Chamber of Petroleum Consumers.

The board chairman of the company has also issued a statement to establish his dissatisfaction. He also disregarded the president’s appointee.

“The Board would like to state emphatically that it is not aware of the observance of such processes as stated in the regulations leading to the appointment of any CEO and that we as a Board have not made any such appointment,” Prof. Asumaning said.

Below is his full statement

STATEMENT BY GOIL BOARD ON APPOINTMENT OF A NEW CEO
Information available to the GOIL Board per a publication on Ghanaweb on Friday, the 24th of February, 2017 captioned “Nana Addo Picks New Heads for Forestry Commission, Ghana Health Service and GOIL” indicates that the new CEO appointed for GOIL is one Mr. Osei Prempeh.

The Board would like to draw the attention of the SHAREHOLDERS and the public to the fact that GOIL is a public listed company on the Ghana Stock Exchange with its own Regulations.

The Regulations state the process through which a CEO can be appointed or removed.

The Board would like to state emphatically that it is not aware of the observance of such processes as stated in the regulations leading to the appointment of any CEO and that we as a Board have not made any such appointment.