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President John Dramani Mahama has dissolved the boards of nine state-owned institutions with immediate effect, the Presidency has announced.
The decision, communicated on Wednesday, September 2, 2026, affects institutions operating across several critical sectors of the Ghanaian economy, including petroleum, mining, housing, sports, banking and infrastructure.
The institutions affected 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 respective sector ministers have been instructed to take all necessary measures to implement the dissolution.
The ministers are expected to carry out the directive in accordance with the relevant laws and the governing instruments of each institution.
New boards to be appointed
The Presidency stressed that the dissolution does not mean the affected institutions will operate permanently without their governing boards.
According to the statement, the boards will be reconstituted in due course, after which new members will be appointed to provide oversight and governance for the institutions.
The move effectively clears the way for a fresh composition of the boards as the government reorganises governance structures across the affected state institutions.