The Bank of Ghana (BoG) has nominated its Second Deputy Governor, Mrs Matilda Asante Asiedu, to represent the central bank on the board of the Ghana Gold Board (GoldBod), following the resignation of Governor Dr Johnson Pandit Asiama from the board. Editorial Ethics & Independence
The development was announced in a statement issued on Monday, September 28, 2026, in which the central bank confirmed that Mrs Asante-Asiedu had assumed the role.
Her nomination ensures that the Bank of Ghana retains its representation on the GoldBod Board in accordance with the law governing the institution.
Dr Asiama ceased to serve as a member of the GoldBod Board on May 11, 2026. According to the Bank of Ghana, the Governor has not participated in any board meetings or activities since that date.
The central bank explained that the nomination was made in accordance with Section 4 of the Ghana Gold Board Act, 2025 (Act 1140).
The provision allows the Bank of Ghana to be represented on the GoldBod Board by either the Governor or an official of the central bank who is not below the rank of director.
By appointing Mrs Asante-Asiedu, the central bank has maintained its place on the board while allowing the Governor to focus on his broader responsibilities at the institution.
In its statement, the Bank of Ghana reiterated its commitment to good governance, transparency and the management of potential conflicts of interest.
“The Bank of Ghana remains committed to the highest standards of governance, transparency and the avoidance of any actual or perceived conflict of interest in the discharge of its mandate,” the statement said.
The announcement comes amid public discussion about the relationship between the central bank and GoldBod, particularly regarding the financing of gold purchases under Ghana’s domestic gold purchase programme. Editorial Standards
Dr Asiama first publicly addressed his departure from the GoldBod Board during the 132nd Monetary Policy Committee press conference in Accra on Thursday, September 24, 2026.
His remarks followed concerns raised by the opposition New Patriotic Party (NPP) about his membership of the board and whether his roles at the two institutions could create a conflict of interest.
The concerns were raised by former Finance Minister and Karaga Member of Parliament, Dr Mohammed Amin Adam, at an NPP press briefing on September 1.
He questioned the relationship between the Bank of Ghana and GoldBod, including the central bank’s involvement in financing gold purchases and reported losses associated with the domestic gold purchase programme.
Responding to the issue, Dr Asiama said he had resigned from the GoldBod Board several months earlier and had not been attending its meetings.
“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 Governor also clarified that the law does not require him personally to serve on the board. Rather, it allows the Bank of Ghana to nominate another qualified official to represent the institution.
“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,” he added.
The distinction is important because the central bank and GoldBod have different institutional responsibilities, even though their activities may intersect through the financing and purchase of gold. Corrections Policy
Clear representation and accountability arrangements can help clarify how decisions are made and how potential conflicts are managed.
However, the concerns raised by the NPP remain allegations and questions about governance and the financial implications of the gold purchase programme. They should not be treated as proof of wrongdoing by the Governor or either institution.
The Bank of Ghana’s announcement confirms that Mrs Asante-Asiedu has assumed the representative role, but it does not resolve the wider debate over the programme’s financing, reported losses or overall financial performance.
As the domestic gold purchase programme continues, scrutiny is likely to focus on its costs, benefits, transparency and implications for the central bank’s balance sheet.
These issues are relevant to public understanding of the programme and its role in Ghana’s economy.
For now, Mrs Asante-Asiedu’s nomination provides for continued Bank of Ghana representation on the GoldBod Board, while Dr Asiama remains focused on his responsibilities as Governor.
The central bank says its approach will continue to be guided by transparency, sound governance and the avoidance of actual or perceived conflicts of interest.