Mr Govi is also said to have inflicted cutlass wounds on his cousin, Johnson Kuwornu before fleeing the town.
The motive for his attack is yet to be ascertained.
But the injured, Johnson Kuwornu, told Joy News‘ Volta Region correspondent Ivy Setordzie the suspect had early on threatened to kill Atsu Doli.
He said last night he heard gun shots blaring and decided to see what was happening.
He said he found Atsu Doli lying dead in front of his room.
According to him, Kodzo Govi then pounced on him with a machete and he began shouting for help.
The suspect then fled the scene of the incident.
Kpedze Police have announced a man hunt for the suspect.