Bank of Ghana (BoG) Governor Dr Johnson Asiama says he resigned from the Board of Directors of the Ghana Gold Board (GoldBod) about five months ago and no longer participates in its meetings.
His clarification follows concerns raised by the New Patriotic Party (NPP) over his membership of the GoldBod Board and questions about whether his roles at the central bank and GoldBod could create a conflict of interest.
Former Finance Minister and NPP MP for Karaga, Dr Mohammed Amin Adam, raised the issue during a party press briefing on September 1.
The NPP’s concerns centred on the relationship between the Bank of Ghana and GoldBod, including the central bank’s role in financing GoldBod’s gold-purchasing operations and reported losses linked to the domestic gold purchase programme.
Dr Asiama, however, told journalists that he had already left the GoldBod Board months before the concerns were raised.
“I resigned from the GoldBod Board about five months ago or so. I do not attend board meetings at the GoldBod at all,” he said.
The BoG Governor also explained that the Ghana Gold Board Act, 2025 (Act 1140) does not require the Governor personally to sit on the GoldBod Board.
According to him, while the legislation provides for the Bank of Ghana to be represented on the board, that responsibility can be assigned to another senior official of the central bank.
“The law that governs the activities of the GoldBod, there’s a provision there for the Bank of Ghana to be represented either by the Governor or any other official up to the rank of a director,” Dr Asiama said.
“It does not necessarily need the Governor to be there.”
His comments come amid continued scrutiny of the relationship between the central bank and GoldBod, particularly over the financing of gold purchases under the domestic gold purchase programme.
Dr Asiama maintained that although the Bank of Ghana is entitled to representation on the GoldBod Board, the law does not make his personal membership mandatory.
