The Minister for Finance, Dr Cassiel Ato Forson, has established the newly constituted Board of Directors of the Ghana Gold Board (GoldBod).

Dr Forson extended President John Dramani Mahama's congratulations to the 13-member board led by Mr Kojo Fynn.

The sector minister also called on the board to deliver their mandate and enhance the country's gold trade, ensure transparency in dealing, and aid the government's economic recovery efforts.

"The Ghana GoldBoD will be key to sustaining this progress and ensuring the sector contributes even more meaningfully to our economic transformation," Dr Ato Forson wrote in a post on X.

He added: "I am confident 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. Let’s continue building a stronger, more resilient economy together."

The Finance Minister has partly attributed the cedi's appreciation to the positive results from gold trade.

As of May 13, the Ghana cedi appreciated by 16.7% against the US dollar, making it the world’s best performing currency so far this year.

"But the unprecedented performance of the Ghana cedi has not come at the cost of our safety net. In fact, our foreign exchange reserves at the Bank of Ghana reached a record-high in April 2025, surpassing targets set under the IMF-supported programme ahead of schedule.

"This underscores the sustainability of the cedi's performance. The activities of the Goldbod stand to further strengthen this performance. In fact, it will change how both the Ghana cedi and Ghana's foreign exchange accumulation will behave in the future," the sector minister said.

The Finance Minister therefore urged the newly constituted board to "work hard to support and sustain this trajectory."

Goldbod will oversee the gold sector, tackle illegal trade, and promote responsible sourcing in line with global standards such as the London Bullion Market Association (LBMA) certification.

List of members

Mr. Kojo Fynn – Chairperson

Mr. Samuel Gyamfi – Ag. CEO of the Gold Board / Member

Hon. Emmanuel Armah Kofi Buah – MP, Minister for Lands and Natural Resources / Member

Hon. Thomas Nyarko Ampem – MP, Deputy Minister for Finance / Member

Dr. Johnson Asiama – Governor, Bank of Ghana / Member

Mr. Nelson Ahedor – Representative, Minerals Commission / Member

Mr. Christopher Opoku Nyarko – Representative, Ghana Chamber of Mines / Member

Mr. Godwin Nichelson Armah – Representative, Ghana Small Scale Miners Association / Member

Mr. Kwaku Effah Asuahene – Representative, Chamber of Bullion Traders / Member

Hon. 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

Ms. Marrietta Brew Appiah-Oppong – Legal Counsel to the President, President’s Nominee / Member

Nana Ama Amissah III – Paramount Queen Mother, Mankessim Traditional Area, President’s Nominee / Member