Bank of Ghana names deputy to represent governor on GoldBod board
Bank of Ghana Governor Dr Johnson Pandit Asiama appointed Second Deputy Governor Matilda Asante-Asiedu to represent him on the Ghana Gold Board (GoldBod) effective May 11, 2026, after he ceased to be a board member. Asante-Asiedu can attend GoldBod meetings, participate in deliberations and exercise all rights and responsibilities of the Governor’s seat, per a letter cited by Citi Newsroom on September 28, 2026.
This matters to Nigerians because Ghana’s GoldBod now drives West Africa’s gold-trading and foreign‑exchange strategy: it buys 30% of output from large‑scale miners, holds exclusive authority to buy, sell, weigh, grade, assay, value and export gold, and banned unrefined artisanal gold exports from September 1, 2026. With Ghana’s gross international reserves falling $1.9 billion to $11.07 billion between June and August despite strong gold earnings, these policies shape regional gold flows, prices and smuggling routes that affect Nigerian traders and investors.
Know that GoldBod’s expanded role means the Bank of Ghana remains represented at board level through its deputy, while the institution directly manages gold procurement and export. Nigerians involved in gold trade should watch Ghana’s export ban and purchase rules, as they may shift cross‑border activity and influence local market dynamics. Will Ghana’s tighter gold control affect regional prices or redirect trade flows that Nigerian businesses rely on?