Accra, Ghana
36°C
IT'S TIME SWITCH TO 4G ON MTN

GSE Feed

Forex Rate

No new CEO appointed yet – Gov’t replies GOIL

goil-filing-station

Government has dismissed reports that it has appointed a new CEO for Ghana Oil Company Limited (GOIL).

The company had issued a statement reacting to reports that President Akufo Addo has appointed a new CEO for the company.

GOIL rejected the reports explaining that the appointment could not have been done without recourse to laid down rules.

“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,” a statement by the Board Chairman of Goil, Prof. William Asumaning.

But a statement signed by the Acting Director of Communications at the Presidency, Eugene Arhin rather described the development as unfortunate as the company failed to carry out due diligence.

“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 from the Presidency said.

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

According to the Presidency, the decision by the President when necessary will be carried out in accordance with laid down procedures.

“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.”

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

Ghana Business News