The Ghana Gold Board (GoldBod) has dismissed suggestions that Bank of Ghana (BoG) Governor Dr Johnson Pandit Asiama’s departure from its Board of Directors was due to a rift between the two institutions.
According to GoldBod, a wrong impression is being created by some people about the exit of the BoG Governor.
GoldBod argued that Dr Asiama’s exit should be understood within the provisions of the Ghana Gold Board Act, 2025 (Act 1140), which allows the BoG Governor to nominate a representative to the board.
They highlighted that the BoG Governor initially chose to serve personally on the board after the establishment of the institution; however, because of his workload, he wrote to the GoldBod Board on May 11, 2026, nominating the BoG’s Second Deputy Governor, Mrs Matilda Asante-Asiedu, to represent him.
In a Facebook post shared on Monday, September 28, Prince Kwame Minkah, the Media Relations Officer of GoldBod, stated, “A wrong impression is being created by some people that because the Governor of the Bank of Ghana (BoG) stated at the last MPC meeting that he “resigned” from the governing Board of the GoldBod five (5) months ago, it means that there is a fight between the BoG and the GoldBod or that there is some rot at the GoldBod.
That suggestion is completely false and reflects a lack of understanding of the GoldBod ACT and the facts of the matter.
The fact is that the Governor of the Bank of Ghana, due to his busy schedule, simply nominated a representative, being his second deputy, Mrs Matilda Asante-Asiedu, to represent him on the Board of the GoldBod in accordance with Section 4(e) of the GoldBod Act, 2025 (ACT 1140).
Section 4 of the GoldBod Act, 2025 (ACT 1140), among other things, provides that, “the Governing Body of the Gold Board is a Board of Directors consisting of;
c) the Minister responsible for Mines or a representative of the Minister responsible for Mines not below the rank of a Director nominated by the Minister of Mines
(d) the Minister responsible for Finance or a representative of the Minister responsible for Finance not below the rank of a Director nominated by the Minister of Finance
(e) The Governor of the Bank of Ghana or a representative of the Governor of the Bank of Ghana not below the rank of a Director nominated by the Governor of the Bank of Ghana”
Upon the establishment of the GoldBod in 2025;
* the Minister of Finance, right from the outset and due to his busy schedule, opted to nominate his representative to the Board of the GoldBod, being the Deputy Minister of Finance, Hon. Thomas Nyarko Ampem.
* The Minister responsible for Mines, being the Minister of Lands and Natural Resources, Hon. Emmanuel Armah Kofi Buah, decided to sit on the Board of the GoldBod himself. However, in January 2026, the Minister nominated his representative, being the Chief Director of the Ministry, Mr Marcus Haligah, to represent him on the Board of the GoldBod. This was due to the busy schedule of the Minister and his inability to attend Board meetings.
* Likewise, the Governor of the Bank of Ghana, Dr Johnson Asiamah, decided to sit on the Board of the GoldBod himself at the outset. However, due to his busy schedule, on May 11, 2026, the Governor wrote to the Board (copy of letter attached), nominating the second deputy Governor of the Bank of Ghana, Matilda Asante-Asiedu, to represent him on the Board of the GoldBod.
So you see, the fact that Dr Asiamah no longer sits on the Board of the GoldBod does not mean that there is any ongoing rot at the GoldBod. Neither is there any fight between the BoG and the GoldBod. The Governor simply opted to nominate his second deputy to represent him on the governing Board of the GoldBod.
The GoldBod is currently the main anchor of foreign exchange generation for Ghana, thus, works very closely with the Bank of Ghana on a day-to-day basis. Ignore any suggestion to the contrary.”
The GoldBod statement follows Dr Johnson Pandit Asiama, who revealed that he resigned from the Board of Directors of the Ghana Gold Board (GoldBod) about five months ago.
According to the BoG Governor, he no longer participates in GoldBod board meetings.
Dr Johnson Asiama disclosed that the Ghana Gold Board Act, 2025 (Act 1140), does not require the Bank of Ghana Governor personally to serve on the GoldBod Board.
Speaking in a viral video shared on X, the BoG Governor stated, “I resigned from the GoldBod Board about five months ago or so. I do not attend board meetings at the GoldBod at all”.
“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,” he said.
“It does not necessarily need the Governor to be there.”
See the post below:
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