Finance Minister inaugurates 13-member Ghana Gold Board [Find Names]

The Minister of Finance, Dr Cassiel Ato Baah Forson, has inaugurated a 13-member Board of Directors for the Ghana Gold Board (GoldBoD), describing it as a public body tasked with supporting currency stability and strengthening Ghana’s economic foundations.

At the swearing in ceremony, Dr Forson commended the new members on behalf of President John Dramani Mahama.

He expressed confidence in their ability to carry out the functions of the Board as set out in its establishing legislation.

He pointed to recent trends in the local currency’s performance.

He attributed the turnaround to improved coordination of fiscal and monetary policy, higher inflows from gold, cocoa and remittances, and stricter controls on public spending.

He also mentioned that Ghana’s foreign exchange reserves had surpassed targets agreed under the IMF programme, which in his view supported the sustainability of the cedi’s gains.

In his remarks, the Chairperson of the Board, Mr Kojo Fynn, said the board would carry out its duties with a sense of responsibility and fairness.

He said the members were fully aware of the role they had been entrusted with and pledged that the Board would uphold sound governance standards and engage all relevant parties in the discharge of its mandate.

The full list of members is 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
   The Minister responsible for Mines or a representative of the Minister responsible for Mines, not below the rank of a Director, nominated by the Minister responsible for Mines.
4. Hon. Thomas Nyarko Ampem – MP, Deputy Minister for Finance / Member
   The Minister responsible for Finance or a representative of the Minister responsible for Finance, not below the rank of a Director, nominated by the Minister responsible for Finance.
5. Dr. Johnson Asiama – Governor, Bank of Ghana / Member
   The Governor of the Bank of Ghana or a representative of the Governor of the Bank of Ghana not below the rank of a Director, nominated by the Governor of the Bank of Ghana.
6. Mr. Nelson Ahedor – Representative, Minerals Commission / Member
   One representative of the Minerals Commission, not below the rank of a Director, nominated by the Chief Executive of the Minerals Commission.
7. Mr. Christopher Opoku Nyarko – Representative, Ghana Chamber of Mines / Member
   One representative of the large-scale mining firms, nominated by the Ghana Chamber of Mines.
8. Mr. Godwin Nichelson Armah – Representative, Ghana Small Scale Miners Association / Member
   One representative of the small-scale miners nominated by the association representing the interest of small-scale miners.
9. Mr. Kwaku Effah Asuahene – Representative, Chamber of Bullion Traders / Member
   Gold service providers nominated by the Minister.
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