 From 1996-2000 he was the chairman of the State Great Khural's economic policy standing committee.In 1998 he was nominated for the position of Prime Minister five times between July 24 and the end of August of that year, and rejected by President Natsagiin Bagabandi on each occasion.In the end the Democrat Alliance gave up on getting Ganbold in as Prime Minister and instead nominated Janvalyn Narantsatsralt.