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The Chief Executive Officer of the Ghana Cylinder Manufacturing Company, Frances Essiam has resigned.

Speaking in an interview on Peace FM's Midday news, she said "I am resigning on the point of principle".

"I have resigned as the Chief Executive Officer of the Ghana Cylinder Manufacturing Company. I thank President Akufo- Addo for appointing me. I believe in Ghana we should be bold to resign and move away, it’s our democratic right," she added.

She, however, accused Energy Minister, Dr Mathew Opoku Prempeh of thwarting efforts being made to make Ghana Cylinder Manufacturing Company successful.

" . . with all our hard work and efforts at the company, there are some who don’t want us to be successful . . . so I’ve decided to resign. I’m a woman of substance, a woman of peace and highly knowledgeable . . . I have resigned so Dr. Mathew Opoku Prempeh, Minister for Energy and Manhyia South MP can now have his way; he can do whatever he wants with Ghana Cylinder Manufacturing Company; he can grind and chew it . . . I have not heard from the President but I am resigning in principle . . . he (Mathew Opoku Prempeh) should bring it on, I am ready for him," she said. 

Madam Essiam, who fell short of stating exactly what the Energy Minister had done to necessitate her unceremonious resignation, promised to address a press conference in the coming days to lay bare the juicy details.