President John Dramani Mahama has dissolved the Boards of nine state institutions with immediate effect, triggering a fresh round of changes across key public sector entities.
The affected institutions include the Bulk Oil Storage and Transportation Company Limited, Ghana National Petroleum Corporation, Consolidated Bank Ghana Limited and Volta Aluminium Company Limited.
Others are Prestea Sankofa Gold Limited, Ghana Post Company Limited, Road Maintenance Trust Fund, TDC Ghana Limited and the National Sports Authority.
The announcement was made on Wednesday, September 2, by Felix Kwakye Ofosu, Spokesperson to the President and Minister of Government Communications.
Ministers Directed to Act
Relevant sector Ministers have been directed to take the necessary steps to give effect to the dissolution in accordance with applicable laws and the governing instruments of the institutions.
The directive effectively brings the tenure of the affected Boards to an end as government prepares for their replacement.
The Presidency said the Boards will be reconstituted “in due course,” without providing a specific timeline for the appointments.
Changes Across Key Sectors
The move affects institutions with significant roles in Ghana’s petroleum, banking, mining, transport infrastructure, manufacturing, postal services and sports sectors.
BOST and GNPC are central to the country’s petroleum industry, while CBG plays a major role in the banking sector. VALCO remains an important player in Ghana’s aluminium industry.
The dissolution therefore places several strategically important state institutions on the path to new Board leadership as the Mahama administration reshapes their governance structures.
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