President John Evans Atta Mills has decided to reconstitute the membership of all Governing Boards of Government Organizations and Parastatals.
Accordingly, all such Boards are dissolved with immediate effect.
A statement signed by Mr Mahama Ayariga, Presidential Spokesperson on Tuesday further directed that all appointments, promotions, re-designations, transfers, and re-assignments recently made by such Boards will not take effect until the new Boards are in place and have reviewed them.
It said the Government nominees on the Boards of Directors of Companies in which Government has shares have also been withdrawn. Their replacements will be made in due course.
The statement said it is a matter of concern to President that some Boards Directors, in the last few weeks have been rushing through certain critical decisions in anticipation of their dissolution.
It explained that some of these decisions have even involved awarding to themselves bonuses and other monetary payments above reasonable levels.
The statement said the President decided that the implementation of all such decisions are to be suspended and will be-reviewed by the new Boards as soon as they are constituted.
"It is expected that all concerned shall ensure strict compliance. Chief Directors of the sectors are to monitor and report on compliance with the above directives," the statement added.