The President of the Association of Ghana Industries, Prince Kofi Kludjeson, has been banned by an Accra High Court, presided over by His Lordship Justice Baffoe-Bonnie, from being a director of any company for a period of 4 years.

This followed a finding of the court in a case brought against him by Kasapa Telecom Limited (formerly known as Celltel), that he was involved in the theft of nearly USD500,000 from the company. The judge in making the disqualification order against Kludjeson, described him as being “very greedy and at worst fraudulent”.

In making the 4-year disqualification order the court noted that Kludjeson was a well-respected member of the business community, blatantly breached his fiduciary duties to the company and that such behaviour should be met with legal sanctions. According to legal sources, this means that for a period of 4 years Kludjeson cannot serve as a director or manager of any company in Ghana, and, probably, his presidency of the AGI.

Jacques Van Schalkwyk, Intel's new regional manager, says although he is relatively new to the region, he is bullish about the prospects for both him and the company in the year ahead. Van Schalkwyk was appointed to the position in December after Steve Nossel announced plans to move on. There is no major shake up in the pipeline, says Van Scalkwyk. Instead he will build on the "solid foundation" his predecessor established for the brand in the region.