Accra: President John Dramani Mahama has dissolved the boards of nine state-owned institutions. A statement issued by the Minister of State in charge of Government Communication, Felix Kwakye Ofosu, indicated that the move by the President takes immediate effect.
According to Ghana Web, the affected institutions include the Ghana National Petroleum Corporation (GNPC), Bulk Oil Storage and Transportation Company Limited (BOST), Consolidated Bank Ghana Limited (CBG), and TDC Ghana Limited. The statement did not provide reasons for the dissolution of the boards, but it instructed sector ministers overseeing these entities to ensure compliance with the directive.
"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 of these Boards," the statement said. It also mentioned that the affected boards will be reconstituted in due course.
The complete list of affected state-owned enterprises includes 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.