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 institutions operating in several strategic areas of Ghana’s 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

Road Maintenance Trust Fund

TDC Ghana Limited

Ghana National Petroleum Corporation (GNPC)

National Sports Authority (NSA)

In a statement, the Presidency directed the respective sector ministers to take all necessary measures to implement the decision.

The ministers are required to carry out the process in line with the applicable laws and the governing instruments of each institution.

The Presidency, however, clarified that the dissolution of the boards should not be interpreted as the permanent removal of the governing structures of the affected institutions.

According to the statement, the boards will be reconstituted at a later date, after which new members will be appointed to provide oversight and governance for the institutions.

The move is expected to pave the way for fresh leadership and new board compositions across the nine state-owned entities.