President John Dramani Mahama has dissolved the governing boards of nine state institutions with immediate effect, including the Ghana National Petroleum Corporation (GNPC), BOST, VALCO, Consolidated Bank Ghana (CBG) and the National Sports Authority.
The other institutions affected are Prestea Sankofa Gold Limited, Ghana Post Company Limited, the Road Maintenance Trust Fund and TDC Ghana Limited. The Presidency announced the decision on Wednesday, September 2, 2026.
The institutions span key sectors including energy, mining, banking, infrastructure, housing, postal services and sports.
Under the directive, the management teams of the affected institutions will continue to oversee their day-to-day operations under the supervision of their respective sector ministries while the boards remain dissolved.
However, the management teams have been instructed not to take major policy, financial or contractual decisions requiring board approval without prior authorisation from the appropriate authority.
The Presidency said the relevant sector ministers had been directed to take the necessary steps, in accordance with the applicable laws and governing instruments, to give effect to the dissolution and formally notify members of the outgoing boards.
The boards will be reconstituted in due course, although no timeline has been given for the appointment of new members. President Mahama also expressed appreciation to the outgoing board members for their service.
Most boards were appointed under Mahama
The latest decision is notable because most of the affected boards were constituted or inaugurated by the Mahama administration in 2025, rather than being boards inherited from the previous government.
The board of TDC Ghana Limited, for instance, was inaugurated in May 2025, while new boards for CBG and GNPC were inaugurated in July 2025.
Ghana Post followed with a new board in August 2025, while the boards of Prestea Sankofa Gold, VALCO and the National Sports Authority were among those constituted later in 2025.
The Road Maintenance Trust Fund is a slightly different case. It was established under the Road Maintenance Trust Fund Act, 2025 (Act 1147), meaning its governing board was created under the current administration’s new legal framework.
The dissolution therefore represents a fresh change to the leadership structure of several institutions whose boards have been in place for less than two years
The Presidency has not stated a specific reason for dissolving the nine boards.
The announcement only directs the relevant ministries to implement the dissolution and says the boards will be reconstituted in due course.
The decision comes amid increased scrutiny of the performance of Ghana’s state-owned enterprises following the release of the 2025 State Ownership Report by the State Interests and Governance Authority (SIGA).
However, there is no official indication that the SIGA report prompted the dissolution, and the government has not publicly linked the two developments.
The latest move is separate from President Mahama’s January 2025 dissolution of boards appointed under the previous administration, which followed the change of government.
For now, the affected institutions will continue operating through their management teams, but major decisions requiring board approval will require prior authorisation until new boards are appointed.