Finance Minister Swears in GoldBod Governing Board to Bolster Gold Sector Governance
The Minister for Finance, Dr. Cassiel Ato Forson, has officially sworn in the newly-appointed members of the Governing Board of the Ghana Gold Board (GoldBod), as part of efforts to strengthen the institutional governance and regulatory oversight of the gold sector.
The inauguration, held on Monday, May 19, 2025, followed consultations with the Council of State and is in line with the government’s broader strategy to leverage Ghana’s gold resources to support macroeconomic stability and growth.
Speaking during the ceremony, Dr. Forson urged the board to build on recent gains and ensure the GoldBod continues to deliver on its mandate effectively.
“I urge the newly-constituted Board to work hard to support and sustain this trajectory,” he stated, referencing the cedi’s recent appreciation and the strategic importance of gold-backed interventions such as the GoldBod initiative in strengthening Ghana’s foreign exchange position.
The newly-appointed members of the Board are as follows:
Kojo Fynn – Chairperson
Samuel Gyamfi – Chief Executive Officer, Ghana Gold Board
Emmanuel Armah-Kofi Buah – Minister for Lands and Natural Resources
Thomas Nyarko Ampem – Deputy Minister for Finance
Dr. Johnson Asiama – Representative of the Governor of the Bank of Ghana
Nana Ama Amissah III – Traditional leader and representative of women on the Board
The new board is expected to steer the GoldBod toward enhancing transparency, accountability, and inclusivity in Ghana’s gold value chain. Its mandate includes regulating and promoting gold-related activities, facilitating responsible sourcing, and ensuring sustainable development of both large-scale and artisanal small-scale mining operations.
With Ghana maintaining its position as a top gold producer in Africa, the strengthening of GoldBod’s governance framework is seen as a critical step toward maximising the country’s mineral wealth for national development.
The reconstitution of the Board comes amid renewed focus on the GoldBod’s role in supporting economic reforms, particularly through gold-for-oil and gold-reserve accumulation programmes aimed at stabilising the cedi and improving the country’s balance of payments.
