President John Dramani Mahama has officially dissolved the governing boards of nine state-owned entities with immediate effect.
The decision was confirmed in a statement released on Wednesday, September 2, 2026, by the Minister for Government Communications and Spokesperson to the President, Felix Kwakye Ofosu. While the executive order takes effect right away, the Presidency did not disclose the official reasons behind the restructuring.
The nine impacted institutions include:
Ghana National Petroleum Corporation (GNPC)
Bulk Oil Storage and Transportation Company Limited (BOST)
Consolidated Bank Ghana Limited (CBG)
Volta Aluminium Company Limited (VALCO)
Ghana Post Company Limited
TDC Ghana Limited
National Sports Authority (NSA)
Prestea Sankofa Gold Limited
Road Maintenance Trust Fund
This executive action follows the recent publication of the 2025 State Interests and Governance Authority (SIGA) report, which highlighted heightened public and official scrutiny over the operational performance of state-owned enterprises.
The dissolution clears the way for fresh leadership appointments in line with each institution's governing laws and operational frameworks. President Mahama also extended his appreciation to the outgoing board members for their contributions and service to the country.
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