President John Dramani Mahama has dissolved the boards of nine state institutions with immediate effect, according to a statement from the Presidency.
The decision, announced on Wednesday, September 2, affects institutions operating across key sectors of the Ghanaian economy, including petroleum, mining, housing, sports, banking and infrastructure.
The affected 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) and the National Sports Authority (NSA)
The Presidency said the relevant sector ministers have been directed to take all necessary steps to give effect to the dissolution of the boards.
According to the statement, the ministers are expected to act in accordance with the applicable laws and the governing instruments of the respective institutions.
The Presidency clarified that the dissolution does not amount to the permanent removal of the governance structures of the affected institutions.
It said the boards will be reconstituted in due course, paving the way for the appointment of new members to oversee the institutions.
