Finance Minister Dr Cassiel Ato Forson has inaugurated the newly constituted 13-member Board of Directors of the Ghana GoldBoD.
Dr Forson behalf of the President, congratulated the members and charged them to deliver on their critical mandate to help strengthen Ghana’s gold trade, improve transparency, and support our broader economic recovery efforts.
The minister in his comments stated that the focus or reason for the establishment of the board has started yielding positive results.
‘’ Our strategic focus on gold is already yielding positive results. As of May 13, 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. This turnaround is no accident. It reflects strong coordination between monetary and fiscal policy, improved inflows from gold, cocoa and remittances, and firm discipline in managing the public purse.
The Ghana GoldBoD will be key to sustaining this progress and ensuring the sector contributes even more meaningfully to our economic transformation. I am confident the new board, under the able leadership of Mr Kojo Fynn, will discharge its duties with integrity, professionalism and a deep sense of national responsibility,’’ he added.
He went on to state that the central bank, in close collaboration with the Ministry of Finance, has adopted a stringent monetary policy, complemented by aggressive liquidity sterilisation.
‘’ Concurrently, the Ministry of Finance has implemented a disciplined fiscal stance anchored around prudent public finance management.
Bolstering these efforts, enhanced foreign exchange inflows from gold, cocoa, and remittances, alongside a softening US dollar amid global uncertainties, have significantly driven the strength of the Ghana cedi.
But the unprecedented performance of the Ghana cedi has not come at the cost of our safety net. In fact, our foreign exchange reserves at the Bank of Ghana reached a record high in April 2025, surpassing targets set under the IMF-supported programme ahead of schedule.’’
He continued ‘’the activities of the Goldbod stand to further strengthen this performance. In fact, it will change how both the Ghana cedi and Ghana’s foreign exchange accumulation will behave in the future.
This paradigm shift will challenge traditional models reliant on old patterns, potentially leading to inaccurate projections and missing the true potential of the cedi.
I wish to assure the Ghanaian public and our stakeholders, that the outlook for the Ghana cedi remains robust and sustainable, supported by the transformative activities of the Goldbod.
I urge the newly-constituted Board to work hard to support and sustain this trajectory.’’
Members of the Ghana Gold Board are as follows:
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
By: Rainbowradioonline.com/Ghana
