Finance Minister, Dr Cassiel Ato Forson, has inaugurated a newly appointed 13-member Board of Directors for the Ghana Gold Board (GoldBoD), describing the body as central to the country’s economic transformation and recovery agenda.
Speaking at a ceremony in Accra, Dr Forson urged the board to deliver on its mandate of strengthening Ghana’s gold trade, improving transparency in the sector, and supporting broader economic recovery efforts.
“Gold is at the heart of our renewed economic strategy,” he said. “We expect the Board to operate with transparency, efficiency, and integrity as it works to better harness our natural resources.”
The Minister highlighted the recent appreciation of the Ghanaian cedi as evidence of the country’s economic momentum, crediting coordinated fiscal and monetary policy, increased foreign inflows from gold, cocoa and remittances, and improved public financial management.
“As of 13 May 2025, the Ghana cedi has appreciated by 16.7% against the US dollar, making it the world’s best-performing currency so far this year,” he said.
Dr Forson expressed confidence in the leadership of the new board, chaired by Mr Kojo Fynn, and emphasised the role of the GoldBoD in ensuring long-term gains from the gold sector are sustained.
“The Ghana Gold Board will be key to sustaining this progress and ensuring the sector contributes more meaningfully to our transformation,” he added.
The 13-member board includes representatives from government, regulatory bodies, the mining sector, academia, and traditional leadership. The full list is as follows:
- Mr Kojo Fynn – Chairperson
- Mr Samuel Gyamfi – Acting CEO, Ghana Gold Board
- Hon. Emmanuel Armah Kofi Buah – Minister for Lands and Natural Resources
- Hon. Thomas Nyarko Ampem – Deputy Minister for Finance
- Dr Johnson Asiama – Governor, Bank of Ghana
- Mr Nelson Ahedor – Minerals Commission
- Mr Christopher Opoku Nyarko – Ghana Chamber of Mines
- Mr Godwin Nichelson Armah – Ghana Small Scale Miners Association
- Mr Kwaku Effah Asuahene – Chamber of Bullion Traders
- Hon. Shaibu Mahama – MP, President’s Nominee
- Dr Abdul Baasit Aziz-Bamba – University of Ghana School of Law
- Ms Marrietta Brew Appiah-Oppong – Legal Counsel to the President
- Nana Ama Amissah III – Paramount Queen Mother, Mankessim Traditional Area
The inauguration comes as the government intensifies efforts to stabilise and grow the economy following recent global and domestic shocks.
Source:TheDotNews