Sammy Gyamfi never BoG has not ceded forex role to us – GoldBod

The Ghana Gold Board (GoldBod) has rejected suggestions that the Bank of Ghana (BoG) has transferred its foreign exchange market responsibilities to the Board, insisting that its role is limited to selling foreign currency earned from its gold operations and supporting supply to the domestic market.

The clarification is consistent with comments by Bank of Ghana Governor, Dr Johnson Asiama, who has dismissed suggestions that the central bank has relinquished its foreign exchange responsibilities.

The clarification follows reports after Tuesday’s sitting of Parliament’s Public Accounts Committee (PAC) which suggested that GoldBod Chief Executive Officer Sammy Gyamfi’s explanation of the Board’s foreign exchange arrangements implied a transfer of the central bank’s mandate.