It has now been established that the board of Ghana Oil Company (GOIL), slipped up for hastily accusing President Akufo-Addo of side-stepping the due process in removing and appointing a Chief Executive Officer for the oil company.
The Board Chairman, Prof. William Asumaning, was in the news recently for the wrong reasons when he took a subtle dig at the appointing authority following news of the appointment of a new head at GOIL.
The faux pas had to do with a statement he personally signed without cross-checking the veracity of the news report.
“The Board would like to draw the attention of....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....and that we as a Board have not made any such appointment,” portions of statement read.
It is based on this misleading notion that Presidency has stepped in to correct the false impression being fueled by Prof. William Asumaning.
Ag. Director of Communications at the Presidency, Mr. Eugene Arhin, issued a statement today to put an end to the news which was based on “mere speculation and conjecture by an online publication”.
In a statement copied to Peacefmonline.com, the presidency indicated that the statement by Prof. William Asumaning was “unfortunate” and “completely needless” and he could have saved himself from the embarrassment if he had done a background check before taking a swipe at the President.
He added that should the President decide to appoint a new CEO, he would do it in accordance with laid down procedures.
Full Statement below…
RE: STATEMENT BY GOIL BOARD ON APPOINTMENT OF A NEW CEO
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.
……signed……
Eugene Arhin
Ag. Director of Communications
Source: Chris Joe Quaicoe/ email: [email protected]
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PK so you belief everything you read on Ghanaweb . Shallow thinking for an investor
Eugene Arhin perhaps does not have an understanding of the markets and the grave threats that those sponsored media stories meant for ordinary shareholders and fund managers. When a company is under listing such gross acts that portend against good corporate governance must be responded to. Why did the Presidency not choose to react when those so-called false stories came into the media space, in the first place.
IF YOU HAVE SUCH A PROFESSOR AS YOUR TUTOR YOU CANNOT HAVE THE CRITIQUE MIND TO EVEN MANUFACTURE A WOODEN MATCHES TO LITE FIRE. POLITICALLY TWISTED INTELLECTUAL.
NDC PROFESSOR SENT TO MUDDY WATERS. BUT THE FORCE OF NANA'S GOVERNMENT IS TOO MUCH FOR YOU.
this is a public listed companyt and the board chair is right to issue that statement to clear the air since shareholders like me read that statement on ghananweb and planned to offload my shares immediately . because i do not want ant interference of the running of my company by government
Finito. See the so called professor.
Eugen u are on point. Yes the president would only appoint as in accordance with the laid down procedures. So Prof. #SHUTUP and enjoy ur post.
Ahhhh Prof. sheee sheee sheee shaaaaaaaaaaame!!!
waa look..so called professor