President John Dramani Mahama has dissolved the Boards of several major state institutions with immediate effect, according to an official communication from the Presidency.
The affected entities include:
- 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
The directive, signed by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications, instructs relevant sector Ministers to take all necessary steps in line with applicable laws and governing instruments to give effect to the dissolution.
The statement further noted that the affected Boards will be reconstituted in due course, signaling a major restructuring across critical sectors including energy, finance, mining, and sports administration.
This sweeping move underscores the administration’s intent to reset governance structures in state-owned enterprises and regulatory bodies, with implications for both economic management and institutional accountability.
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