Remove BoG Governor from GoldBod Board – Amin Adam demands
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), citing concerns over the central bank’s financial relationship with the gold-buying institution.
Speaking at a press briefing on Tuesday, September 1, Amin Adam questioned the appropriateness of the BoG Governor serving on the GoldBod Board while the central bank was also financing the institution’s operations.
He argued that the arrangement raises concerns about the independence of the BoG, particularly given the scale of transactions between the two institutions.
“If a so-called independent institution and a government institution are to go into a deal amounting to GH¢133 billion, where is the agreement that defines that relationship? What are the terms?” he asked.
Dr Amin Adam further questioned whether the BoG was aware that the transactions could result in losses, given its knowledge of the purchase and selling prices involved.
Against this backdrop, he called for the BoG Governor to be removed from the GoldBod Board to avoid potential conflicts of interest.
“We are asking for the removal of the Governor of the Bank of Ghana from the Board of GoldBod because his institution has been funding GoldBod and he has been sitting on the board while GoldBod operations create losses for this country,” he said.
Dr Amin Adam also demanded the publication of key documents, including the legislative instrument authorising GoldBod’s fees and restated 2025 accounts that exclude the GH¢4.54 billion government capital injection from revenue.
He further backed calls for a full parliamentary inquiry into the reported losses, citing discrepancies between the GH¢22 billion loss reported to the IMF, the GH¢9.05 billion loss reported by the BoG and the GH¢5.45 billion surplus reported by GoldBod.
Source: Citinewsroom
