President John Dramani Mahama has dissolved the Board of Prestea Sankofa Gold Limited (PSGL), bringing an end to the tenure of Board Chairman Emmanuel Nii Ashie Moore and other board members as part of a broader government drive to strengthen discipline, accountability and effective leadership across state-owned institutions.
The PSGL board was among nine boards dissolved by President Mahama as the government moves to reorganise key public institutions and improve institutional performance.
Other affected institutions include the Ghana National Petroleum Corporation (GNPC), Volta Aluminium Company Limited (VALCO), Ghana Post Company Limited, Bulk Oil Storage and Transportation Company Limited (BOST), Consolidated Bank Ghana Limited (CBG), Road Maintenance Trust Fund, TDC Ghana Limited, and the National Sports Authority (NSA).
PSGL Leadership Dispute
In the case of Prestea Sankofa Gold Limited, reports indicate that Ashie Moore had allegedly become involved in the company’s day-to-day management, with concerns raised over demands that were said to have implications for the company’s long-term strategic direction, financial priorities and risk management.
The situation reportedly resulted in disagreements between the Board Chairman and PSGL Managing Director Alhaji Ishaq Dauda, raising concerns about the management and operations of the GNPC subsidiary in Ghana’s Western Region.
Prestea Sankofa Gold Limited is a subsidiary of the Ghana National Petroleum Corporation and plays a role in the country’s gold mining sector.
Ashie Moore Faces Previous Legal Dispute
Ashie Moore, who is also the Greater Accra Regional Chairman of the National Democratic Congress (NDC), has previously faced public attention over a legal dispute involving Singaporean businessman Toh You Kang.
You Kang, Chief Executive Officer and Director of NSG Group, reportedly filed a case at the High Court in Accra, alleging that Ashie Moore received US$800,000 in connection with an Electricity Company of Ghana (ECG) cable-supply contract that allegedly failed to materialise.
According to the allegations contained in the court action, the businessman claimed the payment was made between 2023 and 2024 under an arrangement relating to an ECG contract reportedly worth millions of dollars.
The case was heard before the High Court, General Jurisdiction 10, presided over by Justice John Eugene Nyante Nyadu. The court subsequently directed Ashie Moore to release properties belonging to You Kang by September 5, 2025.
Ashie Moore has denied the allegations made against him.
Mahama Appointed Ashie Moore in 2025
Ashie Moore was appointed by President Mahama as Board Chairman of Prestea Sankofa Gold Limited in November 2025.
However, a letter from the Office of the President, dated September 2, 2026, and signed by Secretary to the President Dr Callistus Mahama, confirmed that President Mahama had ordered the immediate dissolution of the affected boards.
The directive means the management teams of the institutions will continue handling their day-to-day operations under the supervision of their respective sector ministries until new boards are constituted.
However, the management teams have been instructed not to undertake major policy, financial or contractual decisions requiring board approval without prior authorisation from the relevant authorities.
Mahama Warns Government Appointees
The dissolution of the boards comes alongside a broader warning from President Mahama to Ministers and government appointees to demonstrate discipline, accountability, integrity and effective leadership in the discharge of their responsibilities.
The President warned that actions capable of undermining government cohesion, institutional authority and the implementation of government policies would not be tolerated.
The latest changes form part of a wider reorganisation of the Mahama administration, which includes ministerial changes, the dissolution of selected boards and an expected reshuffle of some Chief Executive Officers of state institutions.
Dr Callistus Mahama said the government’s restructuring efforts are intended to strengthen institutional leadership, improve coordination and ensure that government appointees remain aligned with the administration’s policies and priorities.
He stressed that political appointees are expected to perform their duties with integrity, diligence and humility, while adhering to established administrative procedures.
Presidency Signals Further Action
The Presidency has also warned that the performance of government appointees across different sectors will continue to be monitored and assessed.
According to the statement, President Mahama remains prepared to take additional measures where necessary to protect the integrity, efficiency and responsiveness of his administration.
The Presidency reminded government appointees that public office is a responsibility and an opportunity to serve the people of Ghana.
All appointees have consequently been urged to cooperate with the government’s reform agenda, remain focused on delivering the administration’s mandate and work towards improving the lives of Ghanaians.
The latest board dissolutions demonstrate the Mahama administration’s renewed focus on public-sector accountability, institutional reform, leadership performance and effective governance as the government seeks to strengthen key state-owned enterprises and public institutions.
Source: newsthemegh.com