The Chamber of Petroleum Consumers Ghana (COPEC) is appealing to President Akufo Addo to immediately intervene for amicable settlement of the impasse involving the Chief Executive of the Ghana Cylinder Manufacturing Company Limited (GCMCL).

The board of GCMCL has ordered the company’s Chief Executive, Frances Essiam, to step aside with immediate effect.

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The action comes on the back of an impasse between the board and Madam Essiam over some of her decisions since assuming the post last year.

In a Tuesday statement issued after a meeting at the Robin Hood Hotel on the Spintex road, the board decided that all contracts entered into by Madam Essiam have also been put on hold, pending investigations.

The Board has in the interim, appointed the Technical Director of the company, Mr. Ezekiel Mensah to act in the absence of Madam Essiam.

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But Madam Frances Essiam has defied the suspension order by the Board of the company.

According to Madam Essiam, she is still the substantive CEO of the company and not aware of any suspension order by the board.

But speaking on Asempa FM’s Ekosii Sen on Wednesday, the Executive Director of COPEC, Duncan Amoah said since Mr. Mensah who has been asked to act in the absence of Madam Essiam does not have the power to take “major administrative decisions”, it may create chaos in the company.

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He said President Akufo Addo must quickly intervene by instituting an independent body to investigate the matter.

“I think the situation now is very serious and investigations need to be conducted. President should intervene now and resolve the matter”, he said.

“If investigations are conducted and Madam Esiama is found guilty, then the laws of the land must deal with her and if she is found not guilty then any apology or whatsoever can be given to her else there would be chaos in that company”, he warned.