Prez. Mahama dissolves boards of nine state-owned institutions

President John Dramani Mahama has ordered the immediate dissolution of the governing boards of nine state-owned institutions, the Presidency has announced.

The decision, communicated on Wednesday, September 2, 2026, affects public institutions operating in strategic areas of the economy, including petroleum, mining, banking, housing, infrastructure, postal services and sports.

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

In a statement issued by the Presidency, the relevant sector ministers have been instructed to take the necessary administrative and legal steps to implement the President's directive.

The ministers are expected to carry out the process in line with the laws governing the respective institutions and their applicable regulatory and governance frameworks.

The Presidency, however, stressed that the dissolution of the boards should not be interpreted as the abolition of the governing structures of the affected institutions.

It explained that the decision is part of a process that will ultimately lead to the reconstitution of the boards.

New board members will subsequently be appointed to provide governance and oversight for the institutions, the statement said.

The move places nine key state entities under an interim transition as the government prepares to establish new governing boards for the institutions.

The affected organisations play significant roles in Ghana's economic and public-service landscape, particularly in the areas of energy security, petroleum management, mining, financial services, infrastructure development, housing, postal services and sports administration.

Story by: Joshua Kwabena Smith