President Mahama Dissolves Boards of Nine Major State-Owned Institutions | Discuss Ghana

President John Dramani Mahama has directed the immediate dissolution of the governing boards of nine prominent State-Owned Enterprises (SOEs) and statutory agencies.

The official directive, issued on Wednesday, September 2, 2026, by the Spokesperson to the President and Minister for Government Communications, Felix Kwakye Ofosu, instructs sector ministers to execute the dissolution and oversee operations until the boards are reconstituted.

List of Affected State Institutions

According to the official communication from the Presidency, the dissolution affects the governing boards of the following entities:

a. Prestea Sankofa Gold Limited

b. Bulk Oil Storage and Transportation Company Limited (BOST)

c. Volta Aluminium Company Limited (VALCO)

d. Consolidated Bank Ghana Limited (CBG)

e. Ghana Post Company Limited

f. Road Maintenance Trust Fund

g. TDC Ghana Limited

h. Ghana National Petroleum Corporation (GNPC)

i. National Sports Authority (NSA)

Key Directive Details & Governance Transition

Immediate Effect & Ministry Oversight:

Ministerial Directives: Relevant sector ministers have been instructed to take all required regulatory and administrative steps—in accordance with applicable governing acts—to formalize the dissolution of the respective boards.

Day-to-Day Operations: Executive management teams of the affected bodies will continue running daily operations under ministerial supervision, but are restricted from making major financial, policy, or contractual commitments without higher clearance until new boards are appointed.

Future Reconstitution:

The Presidency confirmed that all affected boards will be reconstituted in due course to align institutional governance with national strategic goals.