Bank of Ghana Governor Dr Johnson Asiama has clarified his current relationship with the Ghana Gold Board (GoldBod), saying he resigned from its Board of Directors about five months ago and has since stopped attending its meetings.
Dr Asiama said the Ghana Gold Board Act, 2025 (Act 1140), only requires the Bank of Ghana to have representation on the GoldBod Board and does not make the Governor’s personal membership mandatory.
“I resigned from the GoldBod Board about five months ago or so. I do not attend board meetings at the GoldBod at all,” he told journalists.
His comments come amid concerns raised by the opposition New Patriotic Party (NPP) about the Governor’s alleged membership of the GoldBod Board and the potential implications for the relationship between the central bank and the state-owned gold purchasing entity.
Former Finance Minister and NPP Member of Parliament for Karaga, Dr Mohammed Amin Adam, raised the issue at an NPP press briefing on September 1, calling for Dr Asiama’s removal from the GoldBod Board.
The NPP’s concerns were linked to the Bank of Ghana’s involvement in financing GoldBod’s domestic gold purchasing operations and reported losses associated with the programme.
Dr Asiama, however, explained that the law does not require the Governor to personally occupy the position designated for the Bank of Ghana.
“The law that governs the activities of the GoldBod, there’s a provision there for Bank of Ghana to be represented either by the Governor or any other official up to the rank of a director,” he said.
“It does not necessarily need the Governor to be there.”
His clarification means that while the Bank of Ghana remains entitled to representation on the GoldBod Board under Act 1140, that representation can be provided by another BoG official of the required rank rather than the Governor himself.
