Bank of Ghana Governor Dr Johnson Asiama said he resigned from the Board of Directors of the Ghana Gold Board (GoldBod) about five months ago and no longer attends its meetings.
Dr Asiama explained that while the Ghana Gold Board Act, 2025 (Act 1140) provides for the Bank of Ghana to be represented on the GoldBod Board, it 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 come after the New Patriotic Party (NPP) called for his removal from the board, arguing that his dual role could create a conflict of interest.
Former Finance Minister and NPP MP Dr Mohammed Amin Adam raised the concern during an NPP press briefing on September 1, focusing on the relationship between the central bank and GoldBod, especially the Bank of Ghana’s involvement in financing GoldBod’s gold‑purchasing operations and reported losses from the domestic gold purchase programme.
Dr Asiama countered that Act 1140 allows the Bank of Ghana to be represented on the GoldBod Board either by the Governor or another BoG official not below the rank of director. “It does not necessarily need the Governor to be there,” he said.
The Governor’s resignation follows the NPP’s concerns over potential conflicts, but he maintains that the statutory framework permits the Bank of Ghana’s representation through other officials.
