Agyeman-Duah explains why Mahama dissolved nine SOE boards

Governance expert, Professor Baffour Agyeman-Duah, has said President John Dramani Mahama’s decision to dissolve the boards of nine state-owned enterprises (SOEs) signals his determination to make changes that will help him deliver on his mandate.

Speaking on ‘The Key Points’ on TV3 on Saturday, September 5, 2026 he explained that the reasons behind the dissolution may go beyond the profitability or financial performance of the affected state institutions.

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According to him some of the boards may have been dissolved because of inefficiency or possible wrongdoing that has not yet been made public.

"I'm sure the president is determined to reconstitute boards that have been proven to be inefficient, or maybe there is malfeasance which has not yet come to the public,” he explained.

"The president is more than willing to shake up his government that will enable him to fulfil his ambition for the remaining years.

"The profitability declaration may not be the only reason; there must be some reason that we don't know yet," he added.

President John Dramani Mahama on September 2 directed the immediate dissolution of the boards of nine state institutions and companies.

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), and Ghana Post Company Limited.

The others are the Road Maintenance Trust Fund, TDC Ghana Limited, Ghana National Petroleum Corporation (GNPC), and the National Sports Authority.

In a letter issued by the Secretary to the President, Dr Callistus Mahama, the directive required the appropriate authorities to take all necessary steps, in accordance with applicable laws and governing instruments, to formally notify the affected board members.

The management teams of the affected institutions have been directed to continue overseeing their day-to-day operations under the supervision of their respective sector ministries until new boards are constituted.

However, management has been instructed not to take major policy, financial or contractual decisions requiring board approval without prior authorisation from the appropriate authority during the interim period.

ANAS/EB

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