Dr. Cassiel Ato Forson, the Finance Minister, has officially inaugurated the newly established 13-member Board of Directors of the Ghana Gold Board (GoldBod). He has described the institution as essential to Ghana’s broader economic transformation agenda.
Dr. Forson, on behalf of President John Dramani Mahama, congratulated the board members at the inauguration ceremony and encouraged them to “deliver on their critical mandate to help strengthen Ghana’s gold trade, improve transparency, and support our broader economic recovery efforts.”
In reference to the Ghanaian cedi’s remarkable performance on the global market, Dr. Forson underscored that Ghana’s renewed emphasis on gold is already yielding results.
The Ghana cedi has appreciated by 16.7% against the US dollar as of May 13, 2025, making it the world’s best-performing currency thus far this year, according to him.
He ascribed this turnaround to “firm discipline in managing the public purse,” improved inflows from gold, cocoa, and remittances, and strong coordination between monetary and fiscal policy.”
The Minister observed that the GoldBoD’s establishment and operationalization will be essential for the continuation of the economy’s progress and the greater utilization of Ghana’s natural resources.
He asserted that the government anticipates transparency, efficiency, and integrity in the board’s operations, emphasizing that the Ghana GoldBoD will be instrumental in maintaining this progress and ensuring that the sector makes a more significant contribution to our economic transformation.
Dr. Forson expressed his confidence in the new board’s leadership, stating, “I am confident that 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 concluded by advocating for a collaborative endeavor to construct a more resilient and robust economy, stating, “Let us continue to construct a more resilient and stronger economy together.”
The members of the council are listed below.
Members of the Ghana Gold Board
Chairperson: Mr. Kojo Fynn
Mr. Samuel Gyamfi, Ag. CEO of the Gold Board, is a member. The following individuals are also members: Hon. Emmanuel Armah Kofi Buah, MP, Minister for Lands and Natural Resources, is a member. Hon. Thomas Nyarko Ampem, MP, Deputy Minister for Finance, is a member. Dr. Johnson Asiama, Governor of the Bank of Ghana, is a member.
Mr. Nelson Ahedor, Representative of the Minerals Commission and Member Mr. Christopher Opoku Nyarko, Representative of the Ghana Chamber of Mines and Member Mr. Godwin Nichelson Armah, Representative of the Ghana Small Scale Miners Association and Member Mr. Kwaku Effah Asuahene, Representative of the Chamber of Bullion Traders and Member Hon. Shaibu Mahama, MP for Daboya/Mankarigu and President’s Nominee and Member
Senior Lecturer, UG School of Law, President’s Nominee/Member, Dr. Abdul Baasit Aziz-Bamba
Ms. Marrietta Brew Appiah-Oppong, President’s Nominee/Member, serves as the legal counsel to the President.
Nana Ama Amissah III, the Paramount Queen Mother of the Mankessim Traditional Area, is the President’s nominee.
