Remove BoG Governor from GoldBod board; Amin Adam
Karaga MP and former Finance Minister, Dr Mohammed Amin Adam, has called for the removal of the Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, from the Board of the Ghana Gold Board (GoldBod).
Dr Amin Adam argues that the Governor’s continued membership of the GoldBod board creates a potential conflict of interest because the Bank of Ghana provides financing for the institution’s gold purchase programme.
According to him, it is inappropriate for the BoG Governor to serve on the board of an institution whose activities are being financed by the central bank, particularly when the Bank of Ghana is also recording losses linked to the programme.
“You cannot be lending to GoldBod when your own institution, the Bank of Ghana, is making losses from the programme being handled by GoldBod, and still be lending to it,” he said.
He therefore urged authorities to remove the BoG Governor from the GoldBod board to ensure greater independence and transparency in the oversight of the programme.
Dr Amin Adam’s comments form part of wider concerns raised by the New Patriotic Party (NPP) over the financial management of the gold purchase programme.
He referred to an International Monetary Fund (IMF) assessment which put the economic cost of the programme at about GH¢22 billion in 2025, and called for the figures from the IMF, the Bank of Ghana and GoldBod to be reconciled.
The former Finance Minister also demanded the disclosure of the identities of foreign buyers of Ghana’s gold, as well as the discounts offered and the commercial terms governing the transactions.
He welcomed the BoG’s decision to stop pre-financing gold purchases from July 1, 2026, but said the move did not address the need to account for losses already incurred under the programme.
Dr Amin Adam said the NPP would continue to push for answers and support a full parliamentary inquiry into the gold purchase programme.
He maintained that the concerns were ultimately about transparency, accountability and the management of public funds.
Source:3news.com
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