Akyem Oda Member of Parliament, Alexander Akwasi Acquah, has questioned the timing and circumstances surrounding the resignation of Bank of Ghana (BoG) Governor, Dr Johnson Pandit Asiama, from the board of the Ghana Gold Board (GoldBod).
The legislator expressed surprise at the revelation that Dr Asiama had resigned from the GoldBod board approximately five months ago, raising questions about why the development had not attracted public attention earlier.
In a Facebook post reacting to the Governor’s disclosure, Mr Acquah questioned whether the resignation was connected to developments within the GoldBod that the public was yet to know.
“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? Is Governor Asiamah running away from something we don’t know? Tomorrow is indeed pregnant!!!” he wrote.
The MP’s comments followed a public clarification by Dr Asiama, who disclosed that he had resigned from the GoldBod board about five months ago and was no longer participating in its meetings.
The Governor explained that although he had relinquished his position on the board, the Bank of Ghana continued to be represented in accordance with the law governing the operations of GoldBod.
According to Dr Asiama, the law requires the central bank to have representation on the GoldBod board, but does not necessarily require the Governor himself to occupy that position.
He indicated that another Bank of Ghana official of at least director rank could represent the institution on the board, ensuring that the statutory requirement was fulfilled.
However, the revelation has attracted political attention, with Mr Acquah questioning the circumstances surrounding the Governor’s departure and suggesting that there could be issues yet to be made public.
The MP’s Facebook post did not provide evidence of any wrongdoing by the Governor. Neither did it establish that the resignation was connected to any specific controversy involving GoldBod.
Background to the resignation
Dr Asiama’s departure from the GoldBod board comes at a time when the institution remains an important part of Ghana’s gold purchasing, export and foreign exchange management framework.
Established under the Ghana Gold Board Act, 2025 (Act 1140), GoldBod is responsible for regulating the country’s gold trading activities and plays a significant role in the formalisation of the small-scale mining sector.
The board provides strategic oversight of the institution and includes representatives from key government institutions and the mining industry.
The Bank of Ghana is among the institutions required by law to be represented on the board.
Dr Asiama’s clarification indicates that his resignation does not mean the central bank has withdrawn from GoldBod’s governance structure.
GoldBod’s financial relationship with the Bank of Ghana
The Governor’s resignation also comes against the background of significant changes in the financial relationship between the central bank and GoldBod.
In August 2026, GoldBod Chief Executive Officer, Sammy Gyamfi, disclosed that the institution had moved away from its previous arrangement of receiving funds from the Bank of Ghana to purchase gold on the central bank’s behalf.
GoldBod has since adopted a financing model that relies on commercial banks and gold offtakers to support its gold aggregation activities.
The Bank of Ghana also announced the discontinuation of its previous financing arrangement with GoldBod, effective July 1, 2026, with the government assuming responsibility for funding the programme.
These developments represent significant changes in the operational and financial relationship between the two institutions.
Questions surrounding the Governor’s disclosure
Mr Acquah’s reaction has brought renewed attention to the timing of Dr Asiama’s resignation and the circumstances under which it occurred.
His remarks, particularly the question of whether the Governor was “running away from something,” suggest that he wants further clarity on the decision.
However, the Governor has not publicly attributed his resignation to any controversy or wrongdoing. His explanation has focused on the legal requirement for the Bank of Ghana to maintain representation on the GoldBod board.
The resignation, therefore, raises questions about the circumstances surrounding the decision, but there is currently no established evidence linking it to any misconduct.
As public interest in GoldBod’s operations and its relationship with the central bank continues, further clarification about the Governor’s departure could help address questions surrounding the development.
For now, Dr Asiama maintains that the Bank of Ghana remains represented on the GoldBod board, despite his personal resignation from the governing body.
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