President John Dramani Mahama has dissolved the boards of nine state institutions, including the Ghana National Petroleum Corporation (GNPC), the Volta Aluminium Company Limited (VALCO) and the Ghana Post Company Limited.
The dissolution also affects the boards of the Bulk Oil Storage and Transportation Company Limited (BOST), Consolidated Bank Ghana Limited (CBG), Prestea Sankofa Gold Limited, the Road Maintenance Trust Fund, TDC Ghana Limited and the National Sports Authority.
The affected institutions are expected to continue their operations under their respective management teams until new boards are appointed.
A letter from the Office of the President, dated September 2, 2026 and signed by the Secretary to the President, Dr Callistus Mahama, said President Mahama had directed the dissolution of the boards with immediate effect.
It directed the relevant authorities to take the necessary steps, in accordance with the applicable laws and governing instruments, to give effect to the decision and formally notify members of the dissolved boards.
It said the management teams of the affected institutions would continue to oversee their day-to-day operations under the supervision of their respective sector ministries pending the reconstitution of the boards.
The management teams, the letter said, would not be permitted to take major policy, financial or contractual decisions requiring board approval without prior authorisation from the appropriate authority.
Dr Mahama said the boards “will be reconstituted in due course” and conveyed the President’s appreciation to the outgoing board members for their service.