I resigned from the board of GoldBod 5 months ago – BoG Governor

Bank of Ghana Governor Dr Johnson Asiama resigned from the board of GoldBod approximately five months ago, and no longer attends its meetings, according to recent information. Dr Asiama clarified that Ghana's Gold Board Act, 2025 (Act 1140), does not necessitate the Bank of Ghana Governor's direct participation on the GoldBod Board.

This clarification follows concerns raised by the New Patriotic Party (NPP) regarding the Governor's membership on the GoldBod Board and potential conflicts of interest. Former Finance Minister and NPP MP for Karaga, Dr Mohammed Amin Adam, brought up the issue during an NPP press briefing on September 1. The concerns centered around the Bank of Ghana's involvement in financing GoldBod's gold-purchasing operations and reported losses linked to the domestic gold purchase program.

Dr Asiama, however, confirmed he had already stepped down from the GoldBod board. He explained that while the law allows the Bank of Ghana to be represented on the GoldBod Board by the Governor or any other Bank of Ghana official up to the rank of director, the Governor's personal presence on the board is not a statutory requirement.