President John Dramani Mahama has ordered the immediate dissolution of the boards of nine state-owned institutions, paving the way for the reconstitution of their governing bodies.
The decision, announced by the Presidency today, Wednesday, September 2, 2026, affects institutions operating in critical areas of Ghana’s economy, including petroleum, mining, banking, housing, infrastructure and sports.
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)
According to the Presidency, the relevant sector ministers have been instructed to take all necessary steps to give effect to the dissolution of the boards.
The ministers are expected to carry out the process in line with the applicable laws and the governing instruments of each institution.
The directive means the affected institutions will undergo changes to their current governance arrangements as the government prepares to appoint new board members.
Boards to be reconstituted
The Presidency has clarified that the dissolution should not be interpreted as the permanent removal of the boards or the governance structures of the affected institutions.
Instead, the boards are expected to be reconstituted in due course, with new members subsequently appointed to oversee the institutions.
The move therefore represents a change in board composition rather than the abolition of the governing structures of the nine institutions.
Institutions affected across key sectors
The institutions affected by the directive play significant roles across different parts of Ghana’s public and economic sectors.
GNPC and BOST are central to the country’s petroleum sector, while VALCO and Prestea Sankofa Gold operate in the industrial and mining sectors.
CBG operates within the banking sector, Ghana Post provides postal and related services, while TDC Ghana is involved in housing and property development.
The Road Maintenance Trust Fund supports road infrastructure, and the National Sports Authority is responsible for the development and administration of sports facilities and programmes.
The reconstitution of the boards is expected to determine the new leadership and oversight arrangements for these institutions as the government moves forward with its governance agenda.
