President John Dramani Mahama has dissolved the governing boards of nine state institutions with immediate effect, the Presidency has announced.
The decision, communicated on Wednesday, September 2, 2026, affects institutions operating in key sectors including petroleum, mining, banking, sports, housing and infrastructure.
The affected institutions 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)
The Presidency said the relevant sector ministers have been directed to take the necessary steps to formally give effect to the dissolution in accordance with the applicable laws and governing instruments of the respective institutions.
The dissolution, however, does not mean the affected institutions will operate without governing boards permanently. The Presidency said the boards will be reconstituted in due course, with new members expected to be appointed to provide oversight.
In the interim, the existing management teams will continue to oversee the day-to-day administration of the institutions.
However, management has been directed to refrain from taking major policy, financial or contractual decisions that require board approval without prior authorisation from the appropriate authorities.
The move forms part of the government’s broader process of restructuring the governance of selected state-owned institutions, as new boards are expected to be constituted in line with the administration’s priorities.
