President Mahama Dissolves Boards Of 9 State Institutions, Including GNPC, BOST And CBG

President John Dramani Mahama has dissolved the governing boards of nine state institutions with immediate effect, according to a statement issued by the Presidency on Wednesday, September 2, 2026.

The affected institutions operate across Ghana’s petroleum, banking, mining, infrastructure, postal and sports sectors. The Presidency has directed the relevant sector ministers to take the necessary steps to implement the decision in accordance with the applicable laws and governing instruments. The boards will be reconstituted in due course.

Nine state institutions affected

The institutions are Prestea Sankofa Gold Limited, Bulk Oil Storage and Transportation Company Limited (BOST), Volta Aluminium Company Limited (VALCO), Consolidated Bank Ghana Limited (CBG), Ghana Post Company Limited, the Road Maintenance Trust Fund, TDC Ghana Limited, Ghana National Petroleum Corporation (GNPC), and the National Sports Authority (NSA).

The decision therefore touches several important areas of Ghana’s economy and public services, including petroleum, banking, housing, mining, postal services and sports.

The institutions will continue operating

The directive applies to the governing boards, not the institutions themselves. GNPC, BOST, CBG, Ghana Post and the other affected organisations have not been abolished. Their management teams are expected to continue overseeing day-to-day operations while the government prepares to reconstitute the boards. Major decisions that require board approval may, however, be subject to the applicable interim arrangements.

Presidency gives no reason

The Presidency’s statement does not give a specific reason for dissolving the nine boards. That means any explanation linking the decision to the performance of a particular institution, political considerations or wider concerns about state-owned enterprises should not be presented as an official reason unless the government provides further clarification.

What happens next?

The immediate focus will be on the reconstitution of the boards and the appointment of their replacement members. The relevant sector ministries are responsible for taking the necessary steps to give effect to the President’s directive.

The new appointments could ultimately be more significant than the dissolution itself, as the incoming boards will take responsibility for providing governance and oversight to the affected institutions.