Ghana’s President John Dramani Mahama has dissolved the governing boards of the Bulk Oil Storage and Transportation Company (BOST), the Ghana National Petroleum Corporation (GNPC) and seven other state institutions with immediate effect, the Presidency said on Wednesday.
The affected institutions include Prestea Sankofa Gold Limited, Volta Aluminium Company Limited (VALCO), Consolidated Bank Ghana Limited (CBG), Ghana Post Company Limited, the Road Maintenance Trust Fund, TDC Ghana Limited and the National Sports Authority (NSA).
A statement issued on Wednesday, Sept. 2, by the president’s spokesperson and minister for government communications, Felix Kwakye Ofosu, confirmed the dissolution. It did not give a reason for the decision.
The move comes as the performance of state-owned enterprises is under scrutiny following the recent release of the 2025 performance report on state-owned enterprises by the State Interests and Governance Authority (SIGA).
The relevant sector ministers have been directed to take all necessary steps, in accordance with applicable laws and the governing instruments of the institutions, to give effect to the dissolution.
The affected boards are expected to be reconstituted in due course, the Presidency said.
The latest directive follows Mahama’s earlier blanket dissolution of statutory boards, corporations, commissions and councils appointed by the previous administration, in line with the Presidential (Transition) Act, 2012 (Act 845).
As part of interim measures following that dissolution, management of the affected institutions had been directed to seek clearance from the Chief of Staff before taking major decisions.
The latest dissolution is expected to pave the way for the appointment of new governing boards in accordance with the respective laws and governing instruments of the institutions.
Mahama had previously expressed gratitude to outgoing board members for their service to the nation.
Discover more from Energy News Africa
Subscribe to get the latest posts sent to your email.