President John Dramani Mahama has dissolved the boards of nine state institutions with immediate effect.
The affected institutions include Prestea Sankofa Gold Limited, Bulk Oil Storage and Transportation Company Limited (BOST), Volta Aluminium Company Limited (VALCO) and Consolidated Bank Ghana Limited (CBG).
Others are Ghana Post Company Limited, the Road Maintenance Trust Fund, TDC Ghana Limited, Ghana National Petroleum Corporation (GNPC) and the National Sports Authority.
In a statement issued by the Spokesperson to the President and Minister of Government Communications, Felix Kwakye Ofosu, 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 the boards.
The statement did not provide specific reasons for the dissolution.
It, however, indicated that the affected boards would be reconstituted in due course.
The move comes as part of the administration’s ongoing changes to the governance structures of state institutions.
Source: Starrfm.com.gh
