The Ghana Gold Board (GoldBod) has pushed back against suggestions that Bank of Ghana Governor Dr Johnson Asiamah’s withdrawal from its governing board points to disagreements between the two institutions.
GoldBod said Dr Asiamah did not leave the board because of any problem with the institution but nominated the Second Deputy Governor of the Bank of Ghana, Matilda Asante-Asiedu, to represent him.
The explanation comes after Dr Asiamah disclosed at the latest Monetary Policy Committee meeting that he had “resigned” from the GoldBod board five months earlier, prompting speculation about the reason for his departure.
GoldBod’s Media Relations Officer, Prince Kwame Minkah, said the Governor’s decision was simply a response to his busy schedule and was permitted under the GoldBod Act, 2025 (Act 1140).
Section 4(e) of the Act provides for the Governor of the Bank of Ghana or a representative of the Governor, not below the rank of Director, to serve on the GoldBod board.
Mr Minkah said Dr Asiamah wrote to the GoldBod board on May 11, 2026, formally nominating Mrs Asante-Asiedu as his representative.
He said the arrangement was not unusual, pointing to similar decisions involving other members of the GoldBod board.
According to GoldBod, Finance Minister Cassiel Ato Forson nominated Deputy Finance Minister Thomas Nyarko Ampem to represent him on the board from the outset because of his schedule.
Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah initially served on the board himself but in January 2026 nominated the Chief Director of the Ministry, Marcus Haligah, to represent him.
GoldBod said the Governor’s decision therefore followed the same provision that allows members to nominate representatives when their official duties prevent them from attending board meetings.
The institution also rejected suggestions that Dr Asiamah’s withdrawal was evidence of problems or “rot” within GoldBod.
It stressed that GoldBod and the Bank of Ghana continue to work closely, particularly in relation to the country’s foreign exchange generation.
GoldBod said the Governor’s decision to nominate his deputy should therefore not be interpreted as a breakdown in relations between the two institutions.
