Bank of Ghana Governor Dr Johnson Asiama says he resigned from the Board of Directors of the Ghana Gold Board (GoldBod) about five months ago and has since stopped attending its meetings.
Dr Asiama explained that although the Ghana Gold Board Act, 2025 (Act 1140), provides for the Bank of Ghana to have representation on the GoldBod Board, the law does not require the Governor personally to serve on the board.
“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 follow calls by the New Patriotic Party (NPP) for his removal from the GoldBod Board over concerns about a possible conflict of interest arising from his position as Governor of the central bank.
Former Finance Minister and NPP Member of Parliament for Karaga, Dr Mohammed Amin Adam, raised the issue during an NPP press briefing on September 1.
The concerns relate particularly to the Bank of Ghana’s relationship with GoldBod, including the central bank’s involvement in financing GoldBod’s gold-purchasing operations and reported losses associated with the domestic gold purchase programme.
Dr Asiama, however, clarified that Act 1140 allows the Bank of Ghana to be represented on the GoldBod Board either by the Governor or another official of the central bank who is not below the rank of director.
“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.”
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