BoG Governor appoints Second Deputy Governor Matilda Asante-Asiedu as rep on GoldBod board

On May 11, 2026, Bank of Ghana Governor Dr Johnson Pandit Asiama formally designated Second Deputy Governor Matilda Asante-Asiedu to serve as the bank's representative on the Board of the Ghana Gold Board (GoldBod). Dr Asiama's letter granted Mrs Asante-Asiedu the authority to attend and actively engage in GoldBod's board meetings, acting on behalf of the central bank and upholding its interests and rights in this capacity.

This appointment occurred as heightened scrutiny emerged regarding the Governor's involvement with GoldBod, sparking concerns about potential conflicts of interest due to the Bank of Ghana's prior financial ties to the state-owned gold trading institution. Former Finance Minister and Karaga Member of Parliament Dr Mohammed Amin Adam had raised questions about the Governor's role on the board, particularly in light of the central bank's decision to halt pre-financing of GoldBod's gold acquisitions as of July 1, 2026.

The central bank subsequently stated that GoldBod would assume a more prominent role in gold purchase and foreign exchange intermediary processes. Dr Asiama disclosed that he had resigned from the GoldBod Board approximately five months prior and no longer participates in its meetings. Under Ghana Gold Board Act 2025 (Act 1140), the Bank of Ghana's representation on the board is mandated, although the Governor's direct participation is not required.

Consequently, Mrs Asante-Asiedu's appointment serves to maintain the central bank's representation on the GoldBod board while Dr Asiama remains uninvolved in the board's operations. In her letter, Dr Asiama requested the board to extend appropriate courtesies to her to facilitate her effective performance in this capacity.