President John Dramani Mahama has dissolved the governing boards of nine state institutions with immediate effect, paving the way for the reconstitution of their governing structures.
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 decision was contained in a statement dated Wednesday, September 2, 2026, and signed by the Spokesperson to the President and Minister for Government Communications, Felix Kwakye Ofosu.
According to the statement, relevant sector ministers have been directed to take all necessary steps, in accordance with the applicable laws and governing instruments, to give effect to the dissolution.
The Presidency did not state a specific reason for the dissolution but indicated that the affected boards will be reconstituted in due course.
A review of the appointment history of the affected boards were constituted or inaugurated by the Mahama administration after it assumed office in January 2025.
For instance, the current GNPC board, chaired by Prof. Joseph Oteng-Adjei, was appointed and inaugurated in July 2025 under President Mahama. GNPC itself confirmed that the Office of the President had announced the appointment of the new board.
Similarly, the CBG board, chaired by Ernest Mawuli Agbesi, was inaugurated by Finance Minister Dr Cassiel Ato Forson in July 2025.
The Ghana Post board, chaired by Petra Aba Asamoah, was sworn into office in August 2025, with the Communications Ministry explicitly describing it as a newly constituted board under President Mahama’s administration.
The TDC Ghana board, headed by Isaac Odamtten, was also newly constituted and sworn in by the Works and Housing Minister in May 2025.
At Prestea Sankofa Gold Limited, the board chaired by Emmanuel Nii Ashie Moore was inaugurated in November 2025 by Energy and Green Transition Minister John Abdulai Jinapor on behalf of President Mahama.
The VALCO board, chaired by Ambassador Horace Nii Ayi Ankrah, was inaugurated in December 2025, with the Lands and Natural Resources Ministry stating that the chairman expressed gratitude to President Mahama for the confidence reposed in the new board.
The Road Maintenance Trust Fund board was also a product of the current administration. Its 15-member board, chaired by Isaac Adjei Mensah, was inaugurated in December 2025 by Roads and Highways Minister Governs Kwame Agbodza.
The National Sports Authority board, chaired by Dr Fred Awaah, was sworn into office in December 2025 under the Mahama administration.
The BOST board was likewise newly constituted under the Mahama administration in 2025, with Prof. Saint Kuttu as chairman.
Institution Board recently dissolved Government that constituted the dissolved board
Prestea Sankofa Gold Ltd. Board led by Emmanuel Nii Ashie Moore
BOST Board led by Prof. Saint Kuttu
VALCO Board led by Amb. Horace Nii Ayi Ankrah
CBG Board led by Ernest Mawuli Agbesi
Ghana Post Board led by Petra Aba Asamoah
Road Maintenance Trust Fund Board led by Isaac Adjei Mensah
TDC Ghana Ltd. Board led by Isaac Odamtten
GNPC Board led by Prof. Joseph Oteng-Adjei
National Sports Authority Board led by Dr Fred Awaah
The September 2, 2026 decision now affects many of those replacement boards appointed by Mahama’s own administration, meaning the President is effectively clearing the way for another round of appointments.
The Presidency has not announced who will replace the dissolved boards. Until the new boards are constituted, the affected institutions are expected to continue their day-to-day operations under their management teams and relevant sector ministries.
