Finance Minister Inaugurates Ghana Gold Board of Directors
The Minister for Finance, Dr. Cassiel Ato Baah Forson, has inaugurated a 13-member Board of Directors for the Ghana Gold Board (GoldBoD).
At a brief swearing-in ceremony, Dr. Forson congratulated the newly appointed board members on behalf of President John Dramani Mahama and expressed confidence in their ability to deliver on the mandate outlined in the Board’s founding legislation.
“This Board has a critical role to play in our broader economic strategy,” the Minister stated.
Dr. Forson also used the occasion to highlight recent improvements in Ghana’s currency performance, describing it as a sign of renewed economic momentum.
“As of May 13, 2025, the Ghana cedi has appreciated by 16.7 percent against the U.S. dollar since the start of the year,” he noted. “This is a sharp contrast to the 13.4 percent depreciation recorded during the same period in 2024. In April 2025, the cedi was ranked as the best-performing currency globally.”
He described the cedi’s strong performance as a “remarkable turnaround” and credited prudent policy, fiscal discipline, and growing investor confidence for the shift.
Dr. Forson added that the Ghana Gold Board’s operations will play a crucial role in sustaining this trajectory.
“The activities of GoldBoD stand to further strengthen this performance,” he said. “It will change how both the Ghana cedi and Ghana’s foreign exchange accumulation behave in the future.”
The full list of members below:
Mr Kojo Fynn – Chairperson
Mr Samuel Gyamfi – Acting CEO of the Gold Board and member
Hon Emmanuel Armah Kofi Buah – Minister for Lands and Natural Resources and member
Hon Thomas Nyarko Ampem – Deputy Minister for Finance and member
Dr Johnson Asiama – Governor, Bank of Ghana and member
Mr Nelson Ahedor – Representative of the Minerals Commission
Mr Christopher Opoku Nyarko – Representative of the Ghana Chamber of Mines
Mr Godwin Nichelson Armah – Representative of the Ghana Small Scale Miners Association
Mr Kwaku Effah Asuahene – Representative of the Chamber of Bullion Traders
Hon Shaibu Mahama – Member of Parliament for Daboya/Mankarigu and the President’s nominee
Dr Abdul Baasit Aziz-Bamba – Senior Lecturer at the University of Ghana School of Law and the President’s nominee
Ms Marrietta Brew Appiah-Oppong – Legal Counsel to the President and nominee
Nana Ama Amissah III – Paramount Queen Mother of the Mankessim Traditional Area and nominee
