Bank of Ghana Governor Dr Johnson Pandit Asiama says he resigned from the Ghana Gold Board about five months ago and no longer participates in its meetings, responding to concerns over his role on the GoldBod Board.
Dr Asiama said the Ghana Gold Board Act, 2025, Act 1140, does not require the Governor personally to represent the central bank 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.
Section 4 of Act 1140 provides for the Governor of the Bank of Ghana or a representative nominated by the Governor who is not below the rank of Director to serve on GoldBod’s governing board.
“It does not necessarily need the Governor to be there,” Dr Asiama said.
His explanation means the Bank of Ghana can retain institutional representation on GoldBod without the Governor personally serving on the Board.
NPP Had Raised Conflict of Interest Concerns
The clarification follows concerns raised on September 1 by former Finance Minister and Karaga MP Dr Mohammed Amin Adam.
Speaking at an NPP press briefing, Dr Amin Adam questioned whether the Governor’s participation on the GoldBod Board could create a conflict of interest, given the Bank of Ghana’s financial relationship with the gold purchasing programme.
The concern formed part of broader opposition scrutiny of the domestic gold acquisition framework.
The Bank of Ghana has explained that under the current arrangement, GoldBod handles domestic gold acquisition while the central bank’s role centres on reserve management.
Dr Asiama’s comments clarify his personal role, while the Bank of Ghana’s statutory representation on the GoldBod Board remains provided for under Act 1140.
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