Member of Parliament for Akyem Oda in the Eastern Region, Alexander Akwasi Acquah, has questioned the circumstances surrounding Bank of Ghana (BoG) Governor Dr Johnson Asiama’s resignation from the Board of Directors of the Ghana Gold Board (GoldBod).
The former Deputy Minister of Health raised the issue following Dr Asiama’s recent disclosure that he had resigned from the GoldBod board several months ago and no longer participates in its meetings.
Reacting to the development, Mr Acquah expressed surprise that the Governor’s resignation had not been widely known.
“Who else didn’t know that the Bank of Ghana Governor had resigned from the Board of GoldBod? Am I the only stranger in Jerusalem?” the MP wrote.
He subsequently questioned the circumstances behind the Governor’s departure from the board.
“Is Governor Asiamah running away from something we don’t know?” he asked, before adding: “Tomorrow is indeed pregnant!!!”
The comments come at a time of heightened public discussion over the relationship between the Bank of Ghana and GoldBod, particularly concerning the financing of GoldBod’s operations and the Governor’s former position on its board.
Dr Asiama has explained that he resigned from the GoldBod board approximately five months before making the disclosure in September 2026.
According to the Governor, he no longer attends or participates in meetings of the board.
He explained that the Ghana Gold Board Act, 2025 (Act 1140), requires the Bank of Ghana to be represented on the GoldBod board but does not make it mandatory for the Governor personally to occupy that position.
Under the law, the Governor of the Bank of Ghana or a representative of the Governor who is not below the rank of director may serve on the GoldBod board.
The arrangement therefore allows the central bank to maintain its statutory representation on the board through another suitably ranked official following Dr Asiama’s resignation.
The Governor’s clarification follows concerns previously raised by the New Patriotic Party (NPP) over his membership of the GoldBod board at a time when the central bank was involved in financing GoldBod’s operations.
Former Finance Minister and Karaga MP, Dr Mohammed Amin Adam, on September 1, 2026, called for Dr Asiama’s removal from the GoldBod board, citing potential conflict-of-interest concerns.
Dr Amin Adam questioned the appropriateness of the BoG Governor serving on the board of an institution whose activities had received financing from the central bank.
He also raised questions about the nature, scale and terms of the financial relationship between the two institutions.
Those concerns form part of a broader political debate over GoldBod’s operations, including the financing of the Domestic Gold Purchase Programme (DGPP), reported financial outcomes, gold purchases and the institution’s transactions with foreign buyers.
The relationship between GoldBod and the Bank of Ghana has also evolved in recent months.
GoldBod announced in August 2026 that it had ended its role as a buying agent for the Bank of Ghana and had transitioned towards self-financed gold aggregation.
The institution said it stopped receiving funds from the BoG to purchase gold on behalf of the central bank in March 2026.
GoldBod subsequently began pursuing its own financing arrangements to support gold aggregation for export and reserve accumulation.
The development has further intensified discussions about the respective roles of GoldBod and the central bank in Ghana’s gold sector and reserve-management framework.
Speaking at the Bank of Ghana’s Monetary Policy Committee press briefing on September 24, 2026, Dr Asiama said the central bank was working with GoldBod on a new framework under which GoldBod would play a role in gold-related intermediation.
He indicated that the framework is still being transitioned, with further details expected to be communicated to market participants once the arrangements had been finalised.
The Ghana Gold Board Act, 2025 (Act 1140), establishes the governance framework for GoldBod and outlines the responsibilities of its board.
The board is responsible for providing strategic oversight and ensuring the effective and efficient performance of the institution.
The law also provides that, except for the Chief Executive Officer, a board member should not participate in the day-to-day management of GoldBod.
Act 1140 further provides for the resignation of a board member through a written notice addressed to the President through the responsible Minister.
The provisions distinguish between the Bank of Ghana’s institutional representation on the GoldBod board and the personal involvement of the Governor.
Dr Asiama’s explanation is that his resignation from the board does not affect the statutory requirement for BoG representation, since another official of the appropriate rank can represent the central bank.
For Akyem Oda legislator, however, the timing and circumstances of the Governor’s resignation raise questions that he believes require further clarification.
His comments do not provide evidence that Dr Asiama resigned because of wrongdoing or any undisclosed issue. Rather, the MP is questioning why the resignation was not publicly known earlier and what informed the Governor’s decision to leave the GoldBod board.
The issue is likely to remain part of the broader public debate over GoldBod’s governance, financing arrangements and relationship with the Bank of Ghana.
It also comes as the two institutions work towards a revised framework governing GoldBod’s role in gold aggregation and gold-related intermediation.
Dr Asiama remains Governor of the Bank of Ghana, having assumed office in February 2025.
By 1960news.com
