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GOIL Board GOIL dismisses appointment of new CEO

A press statement signed by GOIL’s Board Chairman, Prof. William Asumaning, said GOIL is listed on the  Ghana Stock Exchange(GSE) therefore the mode of appointing or dismissing a CEO is regulated by GES regulations.

  • Published:
  play CEO of GOIL, Patrick Akorli

The Board of GOIL has dismissed media reports suggesting President Nana Akufo-Addo has appointed a new CEO to head the company.

A press statement signed by GOIL’s Board Chairman, Prof. William Asumaning, said GOIL is listed on the  Ghana Stock Exchange(GSE) therefore the mode of appointing or dismissing a CEO is regulated by GES regulations.

The board also stated emphatically that is it now aware of the appointment of a new CEO in line with the GES regulations.

READ MORE: GOIL denies government subsidy allegation

The statement follows a publication claiming that the president has appointed Mr Osei Prempeh, a former Attorney General under the John Kufuor administration, as the CEO of GOIL.

  play CEO of GOIL, Patrick Akorli

 

The statement said: "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.

READ MORE:Gov't subsidising state-owned oil companies - BDCs

"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.

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