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President Mahama dissolves boards of nine state institutions

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President John Dramani Mahama has dissolved the boards of nine state institutions with immediate effect.
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), Ghana Post Company Limited and the Road Maintenance Trust Fund.
The others are TDC Ghana Limited, Ghana National Petroleum Corporation (GNPC) and the National Sports Authority.
In a statement issued by the Presidency on Wednesday, September 2, 2026, President Mahama directed the relevant sector ministers to take the necessary steps to implement the dissolution of the boards.
The statement noted that the ministers must act in accordance with the applicable laws and governing instruments of the various institutions.
According to the Presidency, the affected boards will be reconstituted in due course.
The statement was signed by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications.
By: Jacob Aggrey
News
Prez Mahama calls for renewed, action-oriented Non-Aligned Movement

President John Dramani Mahama has called for a renewed and action-oriented Non-Aligned Movement (NAM), urging member states to protect their independence in decision-making and turn the movement’s resolutions into practical action.
Addressing the first Conference of Heads of State and Government of the Non-Aligned Movement in Belgrade, Serbia, on September 1, 2026, President Mahama recalled the words of Ghana’s first President, Dr Kwame Nkrumah, at the movement’s founding conference in 1961.
He noted that 65 years later, the call for non-aligned countries to play an active role in resolving global challenges remains relevant.
President Mahama stressed that the strength of NAM should not be measured only by its large membership but also by its ability to work together on issues affecting its members and the wider world.
“We must strengthen consultation and coordination among member states, particularly within the United Nations and other multilateral institutions where our interests converge,” he urged.
He called for NAM summits and ministerial meetings to focus more on key issues where the movement can make a meaningful impact.
President Mahama pointed to Ghana’s recent role in securing international support for a resolution on the transatlantic slave trade as an example of what collective action can achieve.
He noted that on March 23, 2026, the United Nations General Assembly adopted Resolution A/RES/80/250, led by Ghana and supported by the African Union, recognising the trafficking of enslaved Africans and the racialised system of chattel enslavement of Africans as the gravest crime against humanity.
The resolution received 123 votes in favour, and President Mahama expressed appreciation to NAM member states for their support.
On development, he argued that political independence must be supported by economic strength, stressing the need for countries in the Global South to have greater control over their natural resources.
“We cannot accept a global order in which countries of the Global South remain exporters of raw materials and importers of finished goods,” he stated.
He called for stronger collective action on climate change, pointing to fires in Southern Europe, drought and desertification in Africa, and floods in parts of Asia as evidence of the growing effects of climate change.
President Mahama reaffirmed Ghana’s commitment to working with NAM members to strengthen multilateralism, promote a fairer international system and give the Global South a stronger voice in global affairs.
He ended his address with a call for the movement to renew its founding spirit and work together with “principle, purpose and confidence” for the benefit of its people.
By: Jacob Aggrey
News
Bank of Ghana warns public against ‘Daily Wealth Guide’ crypto scam

The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have warned the public against a suspected crypto investment scam operating under the name “Daily Wealth Guide.”
The warning follows the circulation of a doctored video on social media purporting to show President John Dramani Mahama endorsing the investment platform.
In a notice issued on Tuesday, September 1, 2026, the two regulators cautioned the public not to invest money in the platform or similar schemes promising quick and high returns.
The BoG explained that inviting members of the public to deposit money with such schemes amounts to deposit-taking, which can only be carried out by institutions licensed by the Bank of Ghana.
It stressed that it has not licensed any individual or entity to engage in crypto investment activities.
According to the notice, individuals or entities involved in such activities risk prosecution and may be required to refund all funds received.
The regulators further warned that offenders could face administrative penalties under the Anti-Money Laundering Act, 2020 (Act 1044), as well as investigations and prosecution by law enforcement agencies.
The Bank of Ghana urged the public to verify the licensing status of any individual or company before depositing money with them.
It advised the public to place deposits only with institutions licensed by the Bank of Ghana and other relevant authorities.
The central bank has, meanwhile, directed media houses, including radio, television and online platforms, not to advertise the services of the so-called “foreign investors” without first verifying their licensing status.
The public has been encouraged to report suspected illegal investment activities to the Bank of Ghana’s Financial Stability Department through its official contact channels.
By: Jacob Aggrey








