Mahama dissolves governing boards of BOST, VALCO, CBG, GNPC and five others
President John Dramani Mahama has dissolved the governing boards of nine state institutions with immediate effect, the Presidency has announced. The affected institutions are Prestea Sankofa Gold Limited, the Bulk Oil Storage and Transportation Company Limited (BOST), the Volta Aluminium Company Limited (VALCO), Consolidated Bank Ghana Limited (CBG), Ghana Post Company Limited, the Road…
President John Dramani Mahama has dissolved the governing boards of nine state institutions, effective immediately. The affected entities include Prestea Sankofa Gold Limited, BOST, VALCO, CBG, Ghana Post Company Limited, the Road Maintenance Trust Fund, TDC Ghana Limited, GNPC, and the National Sports Authority (NSA). The decision was announced in a statement from the President's spokesperson without providing a reason for the actions.
The sector Ministers have been instructed to follow the necessary legal procedures to dissolve the boards, which will then be reformed in the near future. This latest move follows a previous administration-wide directive to dissolve various statutory bodies, corporations, commissions, and councils established by former President Nana Addo Dankwa Akufo-Addo.
Individuals who held positions on these boards prior to the recent dissolution will no longer be in their roles as of January 7, 2025. Until new boards are established, the management of these institutions has been advised to seek clearance from the Chief of Staff for any significant decisions. The dissolution of these boards is anticipated to facilitate the appointment of fresh governing bodies, in line with the respective legal frameworks and governing documents for each institution.
President Mahama previously acknowledged the outgoing board members for their contributions to the nation.
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