Story: News Desk

President John Dramani Mahama has dissolved the governing boards of nine state institutions with immediate effect, the Presidency has announced. 

The affected institutions are Prestea Sankofa Gold Limited, the Bulk Oil Storage and Transportation Company Limited (BOST), the Volta Aluminium Company Limited (VALCO), Consolidated Bank Ghana Limited (CBG), Ghana Post Company Limited, the Road Maintenance Trust Fund, TDC Ghana Limited, the Ghana National Petroleum Corporation (GNPC), and the National Sports Authority (NSA). 

A statement issued on Wednesday, September 2, 2026, by the Spokesperson to the President and Minister for Government Communications, Felix Kwakye Ofosu, confirmed the dissolution. The statement, however, did not assign a reason for the decision.  

It only comes at a time when the performance of State-owned agencies is being scrutinised following a recent release of the 2025 report on state-owned agencies by the State Interest Governance Authority (SIGA) 

The relevant sector Ministers have been directed to take all necessary steps, in accordance with the applicable laws and governing instruments, to give effect to the dissolution. 

The affected boards are expected to be reconstituted in due course. 

The latest directive follows President Mahama’s earlier blanket directive dissolving statutory boards, corporations, commissions and councils appointed by the previous administration, in accordance with the Presidential (Transition) Act, 2012 (Act 845). 

Under that directive, individuals appointed to the boards by former President Nana Addo Dankwa Akufo-Addo or a former Minister of State ceased to hold office on January 7, 2025, the date of President Mahama’s swearing-in. 

The Presidency previously clarified that the cessation of board membership did not affect independent constitutional creations. 

Until the boards are reconstituted, management of the affected institutions had previously been directed to seek clearance from the Chief of Staff before taking major decisions. 

The arrangement was introduced as part of the interim measures following the dissolution of boards appointed by the previous administration. 

The latest dissolution is expected to pave the way for the appointment of new governing boards in accordance with the respective laws and governing instruments of the institutions. 

President Mahama had previously expressed gratitude to outgoing board members for their service to the nation.