Africa-Press – Ghana. Dr. Cassiel Ato Baah Forson, the Minister for Finance, has inaugurated a 13-member Board of Directors for the Ghana Gold Board (GoldBod).
He described the body as a strategic vehicle for achieving effective currency management and bolstering the country’s economic resilience.
Dr. Forson, swearing in the members at a brief ceremony, congratulated the newly constituted board on behalf of President John Dramani Mahama and expressed confidence in their ability to deliver on the Board’s mandate.
He highlighted the impressive turnaround in Ghana’s currency performance, noting: “As of May 13, 2025, the Ghana cedi has solidified its position as the standout performer among global currencies, achieving a remarkable 16.7 per cent appreciation against the US dollar year-to-date.
He said this marked a significant reversal from the 13.4 per cent depreciation observed in the same period of 2024, with the cedi earning recognition as the top-performing currency in April 2025.
Dr. Forson attributed the sustained rally of the cedi to a combination of robust monetary and fiscal policy coordination, improved forex inflows from gold, cocoa and remittances, and disciplined public finance management.
He emphasized that the record-high foreign exchange reserves at the Bank of Ghana, which exceeded IMF programme targets ahead of schedule, underscored the sustainability of the cedi’s recent performance.
Mr. Kojo Fynn, the Chairperson of the Board, assured that the Board would serve with humility, uphold the highest standards of good governance, and engage all stakeholders in the execution of its duties.
He acknowledged the weighty responsibilities enshrined in the Gold Board’s enabling Act and pledged the board’s full commitment to delivering on its mandate.
Members of the Ghana Gold Board are Mr Kojo Fynn– Chairperson, Mr Samuel Gyamfi – Acting. CEO of the Gold Board / Member, Mr Emmanuel Armah Kofi Buah, Minister for Lands and Natural Resources / Member, Mr Thomas Nyarko Ampem, Deputy Minister for Finance / Member and Dr. Johnson Asiama– Governor, Bank of Ghana / Member
Others are Mr Nelson Ahedor – Representative, Minerals Commission / Member, Mr Christopher Opoku Nyarko – Representative, Ghana Chamber of Mines / Member and Mr Godwin Nichelson Armah – Representative, Ghana Small Scale Miners Association / Member.
The rest are Mr Kwaku Effah Asuahene – Representative, Chamber of Bullion Traders / Member, Mr Shaibu Mahama – MP for Daboya/Mankarigu, President’s Nominee / Member, Dr. Abdul Baasit Aziz-Bamba – Senior Lecturer, UG School of Law, President’s Nominee / Member and Ms Marrietta Brew Appiah-Oppong – Legal Counsel to the President, President’s Nominee / Member and Nana Ama Amissah III – Paramount Queen Mother, Mankessim Traditional Area, President’s Nominee / Member
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