The Presidency announced on Wednesday, September 2, 2026, that President John Dramani Mahama has immediately dissolved the boards of nine state institutions. Newscard
The decision has an impact on organisations operating in a number of key sectors of Ghana’s economy such as petroleum, mining, housing, banking, postal services, road infrastructure and sports.
The institutions in question are Prestea Sankofa Gold Limited, the Bulk Oil Storage and Transportation Company Limited (BOST), the Volta Aluminium Company Limited (VALCO), the Consolidated Bank Ghana Limited (CBG), the Ghana Post Company Limited, the Road Maintenance Trust Fund, TDC Ghana Limited, the Ghana National Petroleum Corporation (GNPC) and the National Sports Authority (NSA).
The Presidency has instructed the ministers in the respective sectors to take all the necessary steps for the implementation of the dissolution of the boards.
As stated, the ministers are expected to act in accordance with the relevant laws and with the governing documents of the respective institutions; the implementation of the directive is therefore to take place within the legal and administrative frameworks that apply to each entity.
The announcement is a major alteration in the way the nine public institutions, which have different roles in Ghana’s economy and within the public sector, are governed.
For example, BOST has the responsibility of strategically storing and transporting petroleum products and thus its operations are important for the country’s downstream petroleum supply chain.
As for GNPC, it plays a central role in Ghana’s petroleum sector and reflects the state’s involvement in oil and gas activities.CBG is one of the organisations in the banking industry which has been impacted by the decision.
The bank was set up as a result of the initiatives taken to deal with the problems in Ghana’s banking sector and has since become a significant participant in the financial system. Editorial Standards
VALCO is active in Ghana’s industrial and aluminium sectors, while Prestea Sankofa Gold Limited is engaged in the mining sector of the country. TDC Ghana Limited is also involved in housing and property development, with a special focus on the development of communities.
The Ghana Post Company Limited offers postal and other related services, and the Road Maintenance Trust Fund is involved in the financing and support of road maintenance activities.
In contrast, the National Sports Authority is in charge of various aspects of sports administration and the management of public sports facilities.The fact that the boards are being dissolved does not imply that the institutions have been dissolved or that their operations have been permanently disrupted.
The Presidency made it clear that this action does not involve the permanent elimination of the governance structures of the concerned institutions.The boards will eventually be reconstituted, which will then allow for the appointment of new members to take over the institutions.
The fact is important since boards have an important role to play in giving strategic direction, in providing oversight and in ensuring governance for state-owned organisations.
The make-up of the boards can also affect the way in which these institutions carry out government policies and fulfil their individual mandates.
At this stage, the sector ministers have been asked to take the necessary steps to carry out the President’s directive, and it is expected that they will make sure the transition takes place in line with the laws and other governing instruments that apply to each institution.
The Presidency has not given any information about when the new boards will be set up or named anyone who might be appointed to the replacement boards.
Further developments are therefore expected after the government has started the process of reorganising the governance structures of the nine institutions.
The companies in question work in fields which have both direct and indirect effects on Ghana’s economy and its public services; their performance and the way they are governed are therefore governed by the public interest, especially in the areas of energy security, banking, infrastructure, industrial development, housing, sports and public administration.
As the process goes on, people are likely to pay attention to the make-up of the boards coming in and to the government’s expectations regarding the institutions placed under their new mode of governance. Editorial Ethics & Independence
At this stage the immediate instruction is that the boards of Prestea Sankofa Gold Limited, BOST, VALCO, CBG, Ghana Post Company Limited, the Road Maintenance Trust Fund, TDC Ghana Limited, GNPC and the NSA should stop carrying out their functions while the respective ministers take the necessary steps to put the decision into effect.
The Presidency has stated that the new boards will be appointed at an appropriate time, which means that the present development should be seen as involving a change in the leadership and governance of the institution rather than as amounting to the abolition of the relevant state institutions.