It said the board’s response was in reaction to a publication on Ghanaweb to the effect that President Akufo-Addo had appointed a new CEO for GOIL, which had been found to be untrue.

“To this end, we the members of the Board of Directors of GOIL, do hereby, render our sincere apologies to Your Excellency for any embarrassment caused by the board’s statement in response to Ghanaweb’s publication on February 24, 2017,” it said in a statement signed by its chairman, Professor William A. Asomaning.

Background

Online news portal, Ghanaweb, had on February 24, 2017 published that President Akufo-Addo had appointed a new CEO for GOIL.

In response to that, the board in a statement accused the President of breaching procedures in his appointment of a new CEO for the company.

It noted that GOIL was a public listed company on the Ghana Stock Exchange with its own regulations which made it impossible for the President to appoint or dismiss a CEO without observing the necessary procedures.