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

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

This clarification comes after concerns raised by the New Patriotic Party (NPP) regarding his membership on the GoldBod Board and the potential conflict of interest between his dual roles. Former Finance Minister and NPP MP for Karaga, Dr Mohammed Amin Adam, highlighted these concerns during an NPP press briefing on September 1.

The concerns were primarily surrounding the Bank of Ghana's involvement in financing GoldBod’s gold-purchasing operations and the reported losses associated with the domestic gold purchase programme. Dr Asiama confirmed that he had already stepped down from the board, stating, "I resigned from the GoldBod Board about five months ago or so.

I do not attend board meetings at the GoldBod at all." He further explained that the law provides for the Bank of Ghana to be represented on the GoldBod Board by either the Governor or another Bank of Ghana official up to the rank of a director. Consequently, his personal presence on the board is not a statutory requirement.