General News
Finance Minister Inaugurates 13-Member Board for Ghana Gold Board
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