President John Dramani Mahama has dissolved the governing boards of nine state-owned institutions with immediate effect, in a move that could trigger a fresh round of changes in the management and oversight of some major public institutions.
The affected organisations include the Bulk Oil Storage and Transportation Company Limited (BOST), Ghana National Petroleum Corporation (GNPC), National Sports Authority (NSA), Consolidated Bank Ghana Limited (CBG), Ghana Post Company Limited and Volta Aluminium Company Limited (VALCO).
Also affected are Prestea Sankofa Gold Limited, the Road Maintenance Trust Fund and TDC Ghana Limited.
The Presidency announced the decision in a statement issued on Wednesday, September 2, 2026, and signed by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications.
No specific reason was given for the dissolution.
Nine boards affected
The latest directive covers institutions operating across key areas of Ghana’s economy, including petroleum, banking, sports, mining, transport-related infrastructure and public services.
With immediate effect, the existing governing boards of the nine institutions are no longer in office.
The relevant sector Ministers have been instructed to take the necessary steps, in line with the laws and governing instruments of the affected institutions, to implement the President’s directive.
The boards are expected to be reconstituted at a later date.
Move comes amid scrutiny of state-owned institutions
The decision comes at a time when the performance and management of state-owned enterprises are receiving increased attention.
The State Interests and Governance Authority (SIGA) recently released its 2025 performance report on state-owned agencies, providing an assessment of the performance of various entities within the state-owned sector.
Although the Presidency did not directly link the latest board changes to the SIGA report, the timing is likely to renew discussions about how effectively state institutions are being managed and supervised.
For ordinary Ghanaians, the performance of these institutions matters because several of them operate in sectors that directly affect the economy, public services, employment and government finances.
What happens to the institutions now?
The dissolution does not mean the affected institutions have stopped operating.
Their management teams are expected to continue running the respective organisations while arrangements are made for new governing boards.
The latest development also builds on an earlier decision taken by President Mahama after assuming office in January 2025.
Following his inauguration, the President directed the dissolution of statutory boards, corporations, commissions and councils that had been appointed by the previous administration, in accordance with the Presidential (Transition) Act, 2012 (Act 845).
Under that arrangement, persons appointed to boards by former President Nana Addo Dankwa Akufo-Addo or a former Minister of State ceased to hold their positions on January 7, 2025.
The Presidency had subsequently clarified that the directive did not cover independent constitutional bodies.
Why the new boards will matter
The incoming boards will have an important role to play in providing oversight and strategic direction to the affected institutions.
Their composition could therefore attract significant public interest, particularly given the importance of organisations such as GNPC, BOST, CBG and the National Sports Authority.
Until new boards are appointed, arrangements previously introduced following the 2025 board dissolutions required management of affected institutions to obtain clearance from the Chief of Staff before taking major decisions.
The current directive is expected to pave the way for the appointment of new boards under the specific legal frameworks governing each institution.
President Mahama had previously thanked outgoing board members for their service to the country.
The immediate focus will now shift to the next stage of the process: who will be appointed to the new boards and what mandate they will receive to oversee the institutions.
For Ghanaians, the bigger issue will be whether the changes lead to stronger accountability, better management and improved performance from the affected state institutions.
