Governor no longer sits on GoldBod board – BoG

The Bank of Ghana (BoG) has confirmed that Governor Dr Johnson Asiama has relinquished his position on the Board of the Ghana Gold Board (GoldBod) on May 11, 2026. This announcement followed public discussions regarding the Bank's involvement in the GoldBod's operations and the role of the Governor. In a statement released by the BoG's Communications Department, it was stated that Dr Asiama had not attended any meetings or engaged with the GoldBod Board since his departure.

According to the Bank, Section 4 of the Ghana Gold Board Act, 2025 (Act 1140) mandates the BoG to have representation on the GoldBod Board, either by the Governor or an official of the Bank not below the rank of Director. To comply with this legal requirement, the BoG appointed its Second Deputy Governor, Mrs Matilda Asante-Asiedu, as the representative on the GoldBod Board.

The clarification issued by the BoG aims to address concerns and speculation about the Bank's representation on the GoldBod Board following recent changes. The Ghana Gold Board, established under the Ghana Gold Board Act, 2025 (Act 1140), is responsible for regulating and developing Ghana's gold trading activities, including the buying and selling of gold produced within the country.

The BoG's decision to nominate the Second Deputy Governor was deemed in line with the legal requirements governing its representation on the board. The Bank reiterated its commitment to upholding the highest standards of corporate governance and transparency in fulfilling its mandate. This clarification was released by the BoG's Communications Department on September 28, 2026.