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Finance Minister Inaugurates 13-Member Board for Ghana Gold Board

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The Minister of Finance, Dr Cassiel Ato Baah Forson, has sworn in a 13-member Board of Directors for the Ghana Gold Board (GoldBoD). He described the new body as a key public institution created to bolster currency stability and reinforce Ghana’s economic foundations.

Speaking at the ceremony, Dr Forson conveyed President John Dramani Mahama’s congratulations to the appointees and voiced confidence in their ability to deliver on the Board’s statutory mandate.

Highlighting the cedi’s recent performance, he noted:

  • Exchange-rate turnaround: Between 1 January and 13 May 2025, the Ghana cedi appreciated by 16.7 percent against the US dollar, a sharp reversal of the 13.4 percent depreciation recorded in the same period of 2024.

  • Regional outperformance: The cedi was ranked Africa’s best-performing currency in April 2025.

Dr Forson attributed the rebound to tighter coordination of fiscal and monetary policy, stronger inflows from gold, cocoa and remittances, disciplined public spending, and foreign-exchange reserves that now exceed targets under Ghana’s IMF programme.

Board Chair’s Commitment

The newly appointed Chairperson, Mr Kojo Fynn, pledged that the Board would discharge its duties with transparency, fairness and rigorous governance, consulting all relevant stakeholders along the way.

Members of the Ghana Gold Board

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

With its leadership now constituted, the Ghana Gold Board is expected to move swiftly to execute policies that will further stabilise the cedi and deepen the nation’s macro-economic resilience

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General News

Ghana Armed Forces Promote Soldier Who Rejected Galamsey Bribe and Arrested Illegal Miners

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The Ghana Armed Forces (GAF) have promoted Private Solomon Asare Teye-Tsu to the rank of Lance Corporal for his exemplary integrity and patriotism in rejecting a bribe from illegal miners, popularly known as galamsey operators.

 

The promotion was announced at an all-rank durbar held at Burma Hall in Burma Camp, Accra, on Friday, July 11, 2025. Lance Corporal Teye-Tsu, currently serving with the Department of Public Relations, was decorated by the Chief of the Defence Staff (CDS), Lieutenant General William Agyapong, who commended him for his outstanding professionalism.

 

As part of his reward, Lance Corporal Teye-Tsu has also been nominated to serve with the United Nations Interim Force in Lebanon and was presented with a special citation acknowledging his integrity.

 

Addressing the gathering, which included top military officers, the CDS emphasized the Armed Forces’ commitment to rewarding ethical conduct:

“While misconduct attracts sanctions, professional behaviour such as that demonstrated by L/Cpl Teye-Tsu will always be recognized and rewarded,” Lt. Gen. Agyapong said.

The promotion follows a widely-praised incident in late 2024 when then-Private Teye-Tsu, on official guard duty at Bibiani Gold Mines, was offered a substantial bribe by illegal miners seeking unauthorized access to mining pits. Demonstrating his commitment to the national fight against illegal mining and environmental degradation, he rejected the bribe, apprehended the suspects, and handed them over to authorities.

 

His heroic act also earned him public recognition from Ojeyz Security Limited, the private firm responsible for the site’s security. He received an “Outstanding Staff Recognition” citation signed by the company’s CEO and founder, Captain Haruna Adamu (Rtd), praising his professionalism and unwavering dedication.

 

Lance Corporal Teye-Tsu, 30, hails from Odumase-Krobo in the Eastern Region. He is a 2023 recruit of the Ghana Armed Forces and an alumnus of Manya Krobo Senior High School and King David College. He is also an active member of Kloma Gbi, a youth group advocating for the development of the Krobo States.

 

 

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General News

Kwame Nkrumah Avenue to Temporarily Close for Emergency Road Repairs — AMA Announces

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The Accra Metropolitan Assembly (AMA) has announced the temporary closure of a portion of Kwame Nkrumah Avenue in Accra’s Central Business District (CBD) to allow for urgent repair works.

 

In a statement signed by the Head of Public Affairs, Gilbert Nii Ankrah, on behalf of AMA Chief Executive Officer Michael Kpakpo Allotey, the closure will take place from 8:00 p.m. on Saturday to 12:00 a.m. on Sunday.

 

The affected section covers the U-turn area at Lava and the stretch from the Derby Avenue/Kwame Nkrumah Avenue intersection to the Selwyn Market Street/Kwame Nkrumah Avenue intersection.

 

The AMA explained that the repairs are necessary due to the development of severe potholes and road depressions, which have disrupted smooth traffic flow and posed safety risks to both drivers and pedestrians.

 

Motorists are advised to use alternative routes during the closure and adhere to all traffic management arrangements put in place. Directional signs will be installed, and officers from the Ghana Police Service’s Motor Traffic and Transport Department (MTTD) will be on-site to assist with traffic flow.

 

Following the sectional repairs, the Assembly will proceed with paving works to improve the road’s durability and long-term performance.

 

The AMA apologized for any inconvenience the temporary closure may cause and urged all road users to cooperate as the city works to enhance transportation infrastructure and ensure safer, more efficient mobility for the public.

 

 

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Crime and Investigation

Small Scale Miners Chairman Arrested for Interfering with Anti-Galamsey Operation in Desiri Forest

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The Chairman of the Small Scale Miners Association, Kojo Peprah, has been arrested by the Special Anti-Galamsey Task Force deployed by the Inspector General of Police (IGP) for obstructing an operation against illegal mining in the Desiri Forest Reserve, Ashanti Region.

 

Police reports indicate that Mr. Peprah confronted the special team during their mission to flush out illegal miners from the forest reserve, questioning the legitimacy of their operation and demanding explanations.

 

Following his arrest, Mr. Peprah claimed he had received reports that the task force had entered what he believed to be his legally licensed mining site within the forest reserve.

 

However, authorities have clarified that small-scale mining licenses do not permit mining within forest reserves, casting doubt on the activities of miners operating in the protected area.

 

According to the latest data from the Forestry Commission, the Desiri Forest Reserve is currently the only “red spot” among 44 forest reserves recently invaded by illegal miners.

 

Mr. Peprah has since been handed over to the Nkawie Police Command to assist with ongoing investigations.

 

 

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