I resigned five months ago – BoG Governor Asiama explains GoldBod Board exit

Bank of Ghana Governor Dr Johnson Asiama has announced that he resigned from the Board of Directors of the Ghana Gold Board (GoldBod) about five months ago, and no longer participates in its meetings. The Ghana Gold Board Act, 2025 (Act 1140), does not require the Bank of Ghana Governor personally to serve on the GoldBod Board, according to Dr Asiama.

This clarification comes after concerns raised by the New Patriotic Party (NPP) about his membership on the GoldBod Board, questioning whether his dual roles could create a conflict of interest. The concerns were centered around the relationship between the central bank and GoldBod, including the Bank of Ghana’s involvement in financing GoldBod’s gold-purchasing operations and reported losses associated with the domestic gold purchase programme.

Dr Asiama explained that while the legislation allows for the Bank of Ghana to have representation on the GoldBod Board, the representative need not be the Governor; either the Governor or another Bank of Ghana official of the required rank can serve.

Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.