President John Dramani Mahama has dissolved the Boards of nine state institutions with immediate effect, in a move expected to pave the way for the reconstitution of their governing bodies.
The affected institutions include some of Ghana’s key entities in the energy, petroleum, banking, mining, housing, infrastructure and sports sectors.
According to a statement issued by the Presidency on Wednesday, September 2, the dissolved Boards are: Prestea Sankofa Gold Limited (PSGL)
Bulk Oil Storage and Transportation Company Limited (BOST) Volta Aluminium Company Limited (VALCO) and Consolidated Bank Ghana Limited (CBG).
The rest are Ghana Post Company Limited, Road Maintenance Trust Fund, TDC Ghana Limited, Ghana National Petroleum Corporation (GNPC) and
National Sports Authority (NSA).
The Presidency has directed the relevant sector Ministers to take all necessary steps, in accordance with the applicable laws and governing instruments, to give effect to the dissolution.
Boards to be reconstituted
The statement, signed by Presidential Spokesperson and Minister for Government Communications, Felix Kwakye Ofosu, indicated that the affected Boards will be reconstituted in due course.
The latest decision follows the Mahama administration’s broader efforts to reorganise governance structures across state-owned and public institutions.
Ghana’s state entities operate under varying statutory and governance arrangements, with the State Interests and Governance Authority (SIGA) maintaining oversight and information on a number of state-owned enterprises.
The dissolution is likely to attract attention, particularly because several of the affected institutions—including GNPC, BOST, VALCO, CBG and TDC Ghana—play strategic roles in Ghana’s economy.
The development also comes after the Mahama administration previously dissolved boards appointed under the former administration following its assumption of office in January 2025.
That earlier exercise was undertaken under the Presidential (Transition) Act, 2012 (Act 845).
The Presidency has not yet announced the names of persons expected to constitute the new Boards.
Source: Presidecy
