Wilson Chemicals (Ghana) Ltd
INTRODUCTION
Since 1952 a subsidiary of British Company for chemical manufacturer was established in Ghana, named Wilson Chemical (Ghana) Ltd. There were three reasons for its success:
1. Fertilizer as the primary product in an agricultural based economy
2. The company employed many natives in top positions
3. Appointed a native Ghanaian graduated from Oxford, Joseph Okono, as the president of Wilson Chemical (Ghana) Ltd.
Under Mr. Okono’s management, the company achieved a great success in sales and profit. Moreover, because of his ability to work hand in hand with any local regimes and loved by his employees and clients as well.
PROBLEM & QUESTION
An independent auditor firm found some accounting discrepancies in 1984 at the total amount of £50.000 as incentives to local bureaucratic in governmental agencies to gain advantages for the company. This obviously worried the headquarter company. There came a very serious discussion whether Mr.Okono did the wrong thing......
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Approximate Word Count: 1034
Approximate Pages: 5 (250 words per double-spaced page)
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