Governance expert, Professor Baffour Agyeman-Duah, says he is puzzled by President John Dramani Mahama’s decision to dissolve the boards of nine state institutions.
He says the move came as a surprise to him, especially as it comes just days after some state-owned enterprises announced they had recorded profits for the first time in years.
Speaking on the BigIssue segment on TV3’s NewDay on Thursday, September 3, 2026, the co-founder of the Ghana Centre for Democratic Development (CDD-Ghana) said the supposed profits may not be accurate as some experts have argued.
“After the announcement of the profits, some serious analysts have come out to dispute, making arguments about perhaps the weight of the currency and now, perhaps using that to manipulate the figures,” he said.
According to him, the President may have been unhappy with how the boards handled the announcements, hence the action.
“But the President’s action suggests strongly to me that, based on the experts’ review of this so-called profit-making, something else perhaps may have happened and therefore the President may not have been very happy with the way the boards may have managed this issue,” Prof. Agyeman-Duah explained.
He says such an extensive board overhaul has not been seen in a very long time. “That’s my personal suspicion because we have never experienced such extensive board overhaul for a very long time so I was puzzled by the President’s announcement,” he added.
President Mahama dissolved the boards on Wednesday, September 2, 2026, with immediate effect. The decision was contained in a statement signed by the Spokesperson to the President and Minister for Government Communications, Felix Kwakye Ofosu.
The nine institutions are the Ghana National Petroleum Corporation (GNPC), Bulk Oil Storage and Transportation Company Limited (BOST), Consolidated Bank Ghana Limited (CBG), Prestea Sankofa Gold Limited, Volta Aluminium Company Limited (VALCO), Ghana Post Company Limited, Road Maintenance Trust Fund, TDC Ghana Limited and the National Sports Authority (NSA).
The Presidency has directed sector ministers to take the necessary steps in accordance with applicable laws to give effect to the dissolution, noting that the boards will be reconstituted in due course.
Mahama dissolves boards of VALCO, GNPC, BOST, CBG and five other state institutions
