Charles Adu Boahen, a former Minister of State at the Finance Ministry, has refuted claims of being a director on the Bank of Ghana (BoG) Board after leaving his ministerial position in November of the previous year.
Sources close to him revealed that he has practically relocated to South Africa for work and frequently visits Ghana for personal reasons before returning.
According to these sources, Mr. Adu Boahen’s inclusion in the BoG’s 2022 Report and Financial Statement as a board member is inaccurate, as he ceased to be a board member after stepping down as a minister. His position on the board was reserved for a representative of the Finance Ministry, which was typically a Deputy Minister or Minister. Since he is no longer a minister, he automatically ceased to be a board member.
It was further clarified that Mr. Adu Boahen’s name appeared in the annual report for the 2022 financial year because he was still a director up until November of that year, which explains his listing in the report.
Last November, President Nana Akufo-Addo terminated Mr. Adu Boahen’s appointment following allegations raised against him in the exposé titled ‘Galamsey Economy.’ The matter was referred to the Special Prosecutor for further investigation.