The Bank of Ghana has nominated its Second Deputy Governor, Matilda Asante-Asiedu, to represent the central bank on the board of the Ghana Gold Board (GOLDBOD). This decision was made after the resignation of the Governor, Dr. Johnson Pandit Asiama, from the board. According to a statement issued on September 28, 2026, Mrs. Asante-Asiedu has assumed her new role, fulfilling the statutory requirement for the Bank of Ghana's representation on the GoldBod Board.
Dr. Johnson Pandit Asiama resigned from the GoldBod Board effective May 11, 2026, and has not participated in any meetings or activities of the board since then. His resignation came after concerns were raised by the New Patriotic Party (NPP) regarding potential conflicts of interest due to his dual roles. The NPP had questioned whether his membership on the board, alongside his position as Governor of the Bank of Ghana, could create conflicts, particularly given the central bank's involvement in financing gold purchases.
The Ghana Gold Board Act, 2025 (Act 1140), allows for the Bank of Ghana to be represented on the GoldBod Board either by the Governor or an official of the rank of director. Following Dr. Asiama's resignation, the Bank of Ghana nominated Mrs. Matilda Asante-Asiedu, its Second Deputy Governor, to serve as its representative on the board. This move ensures continuity and compliance with the statutory requirements.
The Bank of Ghana has emphasized its commitment to the highest standards of governance, transparency, and the avoidance of any actual or perceived conflict of interest in the discharge of its mandate. By nominating Mrs. Asante-Asiedu, the bank aims to maintain its representation on the GoldBod Board while upholding these principles.
Dr. Asiama initially announced his resignation during the 132nd Monetary Policy Committee press conference in Accra on September 24, 2026. He explained that the law governing the activities of the GoldBod does not require the Governor personally to serve on the Board, and that the Bank of Ghana's representation can be fulfilled by another official of the rank of director.
The concerns about Dr. Asiama's dual roles were first raised by former Finance Minister and Karaga Member of Parliament, Dr. Mohammed Amin Adam, at an NPP press briefing on September 1, 2026. These concerns focused on the relationship between the central bank and GoldBod, including the Bank’s involvement in financing gold purchases and reported losses under the domestic gold purchase programme.
With Mrs. Asante-Asiedu's appointment, the Bank of Ghana has ensured that its representation on the GoldBod Board continues without interruption. This move also underscores the bank's dedication to adhering to the provisions of the Ghana Gold Board Act and maintaining effective governance.
Key points
- The Bank of Ghana has nominated Matilda Asante-Asiedu, its Second Deputy Governor, to represent it on the Ghana Gold Board (GOLDBOD) following Dr. Johnson Pandit Asiama's resignation.
- Dr. Asiama resigned from the GoldBod Board effective May 11, 2026, amid concerns over potential conflicts of interest due to his dual roles.
- The Ghana Gold Board Act allows for the Bank of Ghana's representation on the board by either the Governor or an official of the rank of director.
