The Ministry of Energy last Friday October 5th inaugurated new Board for the Ghana Cylinder Manufacturing Company (GCMC) and call on members to work to make the Company a profitable business entity.
Mr Joseph Cudjoe, the Deputy Minister of Energy incharge of Finance and Manufacture, who inaugurated the Board on behalf of the Sector Minister Mr. John Peter Amawu, held at the Ministry Conference room in Accra, urged the members to ensure that they dealt with the challenges confronting the Company during their term of office.
GCMC Limited was incorporated under the companies code , 1963 (Act 179) as a private limited liability Company on the 14th of May 1998 and test production began in the same year. It is 100% owned by the Government of Ghana.
The Board was sworn in by Mr Ernest Kwabena Addo, the Energy Ministry’s Legal Practitioner, who took them through the Oaths of Office and Secrecy.
The Nine Member Board are; Madam Frances Awarabena Asiam, Chief Executive Officer of the Ghana Cylinder Manufacturing Company, Mrs Angelina Baiden-Amissah, Awulae Annor Adjaye III, Nana Forson Danso and Mr Crisler Akwei Ankrah.
The rest are Mr Kwadwo N. Poku, Mr Michael Abbiw, Mr Wahab Suhiyini Wumbei and Chaired by Alhaji Abubakar Abdul Rahman.
GCMC, was established to promote wider usage of Liquefied Petroleum Gas (LPG) as a substitute for charcoal and firewood, and thereby curtail some of Ghana’s environmental challenges of degradation, deforestation and desertification caused by excessive use of firewood. This accounts for over 71 per cent of energy consumed in the domestic sector.
GCMC, aims to achieve profitable growth as the premier manufacturer of LPG cylinder and other metal fabricated products in the West Africa Sub-Region.
Mr Joseph Cudjoe, Deputy Minister of Energy, at the inauguration ceremony, congratulated the incoming Board but charged them to justify the existence of the Company with good corporate governance and ensure increased production for profitability.
He believed as having the right expertise to turn around the fortunes of the Ghana Cylinder Company.he however, pledged of Government full support to raise the company high.
The Minister acknowledged that the Governing Board is endowed with expertise in finance, law, business, management and leadership. “I have no doubt that the Governing Board has the requisite skills to strategize to make the GCMCL a vibrant and profitable business entity,” he lemented.
On his part Mr Stephen Asamoah Boateng, the Chief Executive Office of the State Enterprises Commission, expressed his profound gratitude to that the reconstituted Board, with their high expertise, would focus on the job at hand.
He added that “The difficulties we have encountered are in the past and they are gone, and I want you to start afresh”. It is a common knowledge that we need peace, unity and support in the Company to move it forward,” he said.
According to him, since Ghana was moving into gas production, the GCMC would be at the forefront of that sector and it could do lots of innovation to make the Company one of the biggest in Ghana and in West Africa.
Alhaji Abubakar Abdul Rahman, the Chairman of the Board said the members would live up to expectation and take the Company to the desired destination, added that; “The past is past, the future is ahead and we shall get there”.
He further stated that the Board would adopt good strategies, which were in consonance with the rule and objectives of the Company and with a lot of lobbying and hard work, would change the company.
Report by Bernard k Dadzie