Mahama Dissolves Boards of Nine State-Owned Institutions
President John Dramani Mahama has dissolved the boards of nine state-owned institutions with immediate effect.
The affected institutions include Prestea Sankofa Gold Limited, Bulk Oil Storage and Transportation Company Limited (BOST), and Volta Aluminium Company Limited (VALCO).
The other institutions are Consolidated Bank Ghana Limited (CBG), Ghana Post Company Limited, the Road Maintenance Trust Fund, TDC Ghana Limited, and the Ghana National Petroleum Corporation (GNPC).
In a statement issued by Felix Kwakye Ofosu, Presidential Spokesperson and Minister of State in charge of Government Communications, the President directed the relevant sector ministers to take all necessary steps to give effect to the dissolution.
The ministers are expected to act in accordance with the applicable laws and the governing instruments of the affected institutions.
The statement indicated that the affected boards would be reconstituted in due course.
The dissolution therefore marks an immediate change in the governance structures of the nine state-owned institutions, pending the appointment of new board members.
The Presidency did not, in the statement, provide further details on the reasons for the dissolution or indicate when the new boards are expected to be constituted.
