The CEO of EIB Network, Bola Ray, has revealed he has huge salary arrears to clear, hence the reason why a lot of his staff are leaving the media conglomerate.

He disclosed that for seven months in the year 2018, he had not paid salaries of his staff which resulted in many staff tendering-in their resignation letters.

Sharing his personal experiences as CEO, the businessman said despite the successes that the young company has registered, it has been hit with an equal amount of storm.

According to him, the media conglomerate was started with 483 staff but was now left with about 300 staff members.

He said he did not blame the staff for quitting because they had to cater for their families.

Bola Ray said at a point, he felt any staff member that entered his office was about to resign.

Speaking at Youth Empowerment Summit (IYES) 2019, at the National Theater in Accra, Bola Ray told the aspiring business owners that their ability to withstand challenges is the true test of their character.

“In the month of August 2018, I had a lot of people walking away because it was difficult…someone came to me and said ‘My wife is insulting me because I have not been able to take money home for some months now’ …….It got to a point that anybody who walks into my office, I ask: ‘Are you resigning,” a candid Bola Ray said.

“In the month of August 2018, I had a lot of people walking away because it was difficult….. someone came to me and said: “My wife is insulting me because I have not been able to take money home for some months now.’ …….It got to a point that anybody who walks into my office, I ask: ‘Are you resigning,” Bola Ray said.

He added: “…And I must say that, out of 483 workers that we started with, we still have some great people out there, making about 300 who are still with us and across the nation, I want you to applaud them”.

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