You’ve been very abysmal; Apologize and resign as BoG Governor – Economist to Johnson Asiamah
Economist and Director at the Institute of Economic Research and Public Policy, Dr. Kwasi Nyame-Baafi, has called on the Governor of the Bank of Ghana, Dr. Johnson Asiamah, to apologize to Ghanaians for the potential huge losses to be recorded by the Central Bank in 2025.
In a post made on Facebook, the IERPP’s economist couldn’t fathom why the Bank of Ghana’s Governor is still at post after admitting he will be recording unprecedented losses under his leadership if not for the sale of Ghana’s gold reserves, describing it as shameful.
“Isn’t Governor Asiamah ashamed? He should be apologizing to Ghanaians by now. The Central Bank will record unprecedented losses under his leadership” his post partly reads.
“Now critical gold reserves, assets he did not help accumulate are reportedly being sold to cover those losses. In many serious jurisdictions, this would have led to his removal” he stated.
Speaking at the 129th Monetary Policy Committee press briefing on March 19, 2026, Governor Johnson Asiama confirmed that the sale of over 19 tonnes of gold generated a profit.
The transaction, according to Johnson Asiamah, made a profit of over $1.3 billion, and it is all within our international reserves. But for these sales as being reported, the Central Bank would have reported losses far exceeding what have been reported.
Economists, finance experts and financial analysts have raised eyebrows and concerns about the competence of the Governor of the Bank of Ghana and his team, with many calling for his removal.
“How can we record such huge losses and the Governor is still at post? Unbelievable! We can only imagine what the actual numbers would look like when they come out. Asiama should lose his job” one finance expert remarked.
”Consider, for a moment, if Dr. Bawumia had not strengthened Ghana’s gold reserves. What would Governor Asiama have relied on to cover his unprecedented losses?” Dr. Nyame-Baafi asked.
