Accra, Ghana — September 3, 2026: President John Dramani Mahama has dissolved the governing boards of nine major state institutions with immediate effect, in what has emerged as part of a wider restructuring of his administration aimed at strengthening institutional leadership, accountability, coordination and adherence to government policy.
The affected institutions cut across some of Ghana’s most strategically important sectors, including petroleum, mining, banking, infrastructure, housing, postal services and sports.
The nine 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
- Road Maintenance Trust Fund
- TDC Ghana Limited
- Ghana National Petroleum Corporation (GNPC)
- National Sports Authority (NSA)
The dissolution was announced on Wednesday, September 2, in a Presidency communication issued by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications. Relevant sector ministers have been instructed to take the necessary steps under the applicable laws and governing instruments to implement the President’s directive.
Why Mahama dissolved the boards
Significantly, the initial announcement dissolving the nine boards did not assign specific failings or reasons to any of the individual institutions or their board members. That distinction is important, as there has so far been no official finding that every dissolved board was removed for misconduct or poor performance.
However, a subsequent notice from the Presidency, signed by Secretary to the President Dr Callistus Mahama, placed the board dissolutions within a much broader administrative restructuring exercise. According to the notice, the recent ministerial changes, dissolution of selected boards and an impending reshuffle of chief executives are intended to strengthen institutional leadership, enhance coordination and ensure government appointees remain aligned with the administration’s policies and priorities.
The Presidency has also emphasised discipline, accountability and effective leadership, warning ministers, deputy ministers, chief executives, board members and other political appointees that conduct which undermines governmental cohesion, institutional authority or implementation of government policy will not be tolerated.
The directive therefore signals that the dissolution should be viewed not merely as an isolated change of board membership but as part of a broader attempt by President Mahama to reorganise the leadership structure of state institutions and tighten performance oversight across government.
Performance under scrutiny
The board shake-up also comes against the backdrop of increased public scrutiny of state-owned enterprises following the release of the 2025 performance report on state-owned agencies by the State Interests and Governance Authority (SIGA).
The Presidency has made clear that performance across government will continue to be assessed and that further action may be taken where necessary to protect the integrity, effectiveness and responsiveness of the administration.
This position suggests that the latest dissolution may not be the end of the changes. Indeed, the Presidency has already signalled an impending reshuffle of chief executives of state-owned enterprises, potentially extending the restructuring from ministerial and board levels to the operational leadership of government institutions.
What happens to the institutions now?
Despite the dissolution of their governing boards, the affected institutions are expected to continue their day-to-day activities through their existing management teams under the supervision of their respective sector ministries.
During the interim period, however, management teams have reportedly been restricted from taking major policy, financial or contractual decisions that ordinarily require board approval unless prior authorisation is obtained from the appropriate authority.
The Presidency says the nine boards will be reconstituted in due course, meaning new governing bodies are expected to be appointed rather than the institutions themselves being abolished.
Strategic institutions affected
The scale of the decision is significant because several of the affected organisations manage critical national assets.
GNPC is central to Ghana’s upstream petroleum interests, while BOST occupies a strategic position in the storage and transportation of petroleum products. VALCO remains an important component of Ghana’s aluminium industrialisation ambitions.
CBG operates within the banking sector, TDC Ghana is involved in housing and urban development, while the Road Maintenance Trust Fund supports road infrastructure financing.
Ghana Post provides national postal and related services, the National Sports Authority manages critical aspects of Ghana’s sporting infrastructure and administration, while Prestea Sankofa Gold operates within the mining sector. The affected organisations therefore extend across substantial areas of Ghana’s economic and public-service architecture.
A warning to political appointees
Beyond the nine boards, the Presidency’s subsequent communication sends a wider message to officials serving under the Mahama administration.
Political appointees have been reminded that public office is an opportunity to serve the Ghanaian people and that they are expected to exercise their responsibilities with integrity, diligence, humility and respect for established administrative procedures.
The emerging picture is therefore one of a broader government restructuring exercise rather than evidence, at least at this stage, of proven wrongdoing by all nine dissolved boards.
As President Mahama proceeds with the promised reconstitution of the boards and the anticipated reshuffle of chief executives, attention will now turn to who replaces the outgoing board members, whether the governance structures of the affected institutions will change, and what performance benchmarks the new leadership will be required to meet.
Raw Reporters News Desk
Accra, Ghana