NPP demands removal of BoG Governor from GoldBod’s board
Karaga Member of Parliament and former Finance Minister, Dr. Mohammed Amin Adam, has called for the removal of the Governor of the Bank of Ghana (BoG) Dr. Johnson Asiama from the Board of the Ghana Gold Board (GoldBod), arguing that the arrangement creates a clear conflict of interest. Dr Amin Adam said it was inappropriate […]
Former Finance Minister and Karaga MP Dr. Mohammed Amin Adam has urged the removal of Bank of Ghana Governor Dr. Johnson Asiama from GoldBod's board of directors. He argues that the arrangement is incompatible due to a conflict of interest; the central bank is both financing GoldBod's gold purchase program and facing losses from it.
Dr. Adam contends that it is inappropriate for the Bank of Ghana to continue lending to GoldBod while its own institution is incurring losses from the same gold procurement program. He maintains that the presence of the Bank of Ghana Governor on the board undermines oversight independence, particularly given the central bank's role as both a financier and stakeholder in the program's performance.
The NPP leader demands the disclosure of foreign buyers' identities, discounts applied to them, and the commercial terms for Ghana's gold sales. Even with the Bank of Ghana's recent decision to halt pre-financing of gold purchases from July 1, 2026, Dr. Amin Adam insists that the financial losses already incurred must be accounted for.
The former Finance Minister pledges that the NPP will keep demanding answers and backing a parliamentary inquiry into the gold purchase program, emphasizing the importance of transparency and accountability in the management of public funds.
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