Finance Minister inaugurates 13-Member Board of Ghana Gold Board

The Minister for Finance, Hon. Dr. Cassiel Ato Baah Forson, has inaugurated a 13-member Board of Directors for the Ghana Gold Board (GoldBoD), describing the body as a strategic vehicle for achieving effective currency management and bolstering the country’s economic resilience.

Swearing in the members at a brief ceremony, Dr. Forson congratulated the newly constituted board on behalf of President John Dramani Mahama and expressed confidence in their ability to deliver on the Board’s mandate.

He highlighted the impressive turnaround in Ghana’s currency performance, noting:

“As of May 13, 2025, the Ghana cedi has solidified its position as the standout performer among global currencies, achieving a remarkable 16.7% appreciation against the US dollar year-to-date. This marks a significant reversal from the 13.4% depreciation observed in the same period of 2024, with the cedi earning recognition as the top-performing currency in April 2025.”

Dr. Forson attributed the sustained rally of the cedi to a combination of robust monetary and fiscal policy coordination, improved forex inflows from gold, cocoa and remittances, and disciplined public finance management.

He further emphasized that the record-high foreign exchange reserves at the Bank of Ghana, which exceeded IMF programme targets ahead of schedule, underscored the sustainability of the cedi’s recent performance.

In his remarks, the Chairperson of the newly inaugurated board, Mr. Kojo Fynn, assured that the board would serve with humility, uphold the highest standards of good governance, and engage all stakeholders in the execution of its duties.

He acknowledged the weighty responsibilities enshrined in the Gold Board’s enabling Act and pledged the board’s full commitment to delivering on its mandate.

Members of the Ghana Gold Board:

1. Mr. Kojo Fynn – Chairperson
2. Mr. Samuel Gyamfi – Ag. CEO of the Gold Board / Member
3. Hon. Emmanuel Armah Kofi Buah – MP, Minister for Lands and Natural Resources / Member
4. Hon. Thomas Nyarko Ampem – MP, Deputy Minister for Finance / Member
5. Dr. Johnson Asiama – Governor, Bank of Ghana / Member
6. Mr. Nelson Ahedor – Representative, Minerals Commission / Member
7. Mr. Christopher Opoku Nyarko – Representative, Ghana Chamber of Mines / Member
8. Mr. Godwin Nichelson Armah – Representative, Ghana Small Scale Miners Association / Member
9. Mr. Kwaku Effah Asuahene – Representative, Chamber of Bullion Traders / Member
10. Hon. Shaibu Mahama – MP for Daboya/Mankarigu, President’s Nominee / Member
11. Dr. Abdul Baasit Aziz-Bamba – Senior Lecturer, UG School of Law, President’s Nominee / Member
12. Ms. Marrietta Brew Appiah-Oppong – Legal Counsel to the President, President’s Nominee / Member
13. Nana Ama Amissah III – Paramount Queen Mother, Mankessim Traditional Area, President’s Nominee / Member