Breaking
Police Arrest Accomplice of UK-Based TikToker “Ghana Jollof” Over False Coup Claims; Vow to Unmask Sponsors24-Hour Economy Market Rollout Must Be Data-Driven, Not Wholesale – CFF-GhanaAhafo Ano South West MP involved in accidentGhana Jollof Case: GRNMA moves to seek early release of SalomeyRiver Volta: Police recover 2,213 suspected Cannabis Slabs from abandoned Canoe‘This is not the Ghana we want to build’ – Bawumia on Salomey’s ArrestPolice Arrest Accomplice of UK-Based TikToker “Ghana Jollof” Over False Coup Claims; Vow to Unmask Sponsors24-Hour Economy Market Rollout Must Be Data-Driven, Not Wholesale – CFF-GhanaAhafo Ano South West MP involved in accidentGhana Jollof Case: GRNMA moves to seek early release of SalomeyRiver Volta: Police recover 2,213 suspected Cannabis Slabs from abandoned Canoe‘This is not the Ghana we want to build’ – Bawumia on Salomey’s Arrest
Monday, September 21, 2026

Press ESC to close or Enter to search Tap search on your keyboard to continue

Amin Adam demands removal of BoG Governor from GoldBod board over conflict of interest

Kwaku Antwi Boasiako September 1, 2026 2 min read

Former Finance Minister and Karaga MP, Dr Mohammed Amin Adam, has called for the removal of Bank of Ghana (BoG) Governor Dr Johnson Asiama from the Board of the Ghana Gold Board (GoldBod), citing what he describes as a conflict of interest.

Dr Amin Adam argued that the BoG Governor should not serve on the board of an institution whose gold purchasing operations are financed by the central bank while the BoG is also exposed to financial losses associated with the programme.

According to him, the arrangement raises concerns about the effectiveness and independence of oversight, particularly where the same institution is providing financing to GoldBod and is also affected by the financial outcome of its operations.

“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 the authorities to remove Dr Asiama from the GoldBod board to eliminate what he considers an obvious conflict between the Governor’s regulatory responsibilities and his position on the board.

Dr Amin Adam’s call comes amid renewed debate over the financial implications of Ghana’s domestic gold purchasing programme, following an IMF assessment that placed the economic cost of the programme at about GH¢22 billion in 2025.

The former Finance Minister said there was a need for the figures provided by the IMF, the Bank of Ghana and GoldBod to be reconciled to establish a clear account of the programme’s financial performance.

He also demanded greater disclosure of the commercial arrangements surrounding Ghana’s gold exports, including the identities of foreign buyers, discounts offered and the terms under which the gold was sold.

While welcoming the BoG’s decision to discontinue pre-financing for gold purchases from July 1, 2026, Dr Amin Adam said the move did not address the need to account for losses already incurred under the programme.

He maintained that the NPP would continue to push for answers and support a parliamentary inquiry into the gold purchase programme.

According to him, the demand for an inquiry is intended to ensure transparency and accountability in the management of public resources and to provide Ghanaians with a full picture of the financial implications of the programme.

Kwaku Antwi Boasiako