National Democratic Congress chairman Johnson Asiedu Nketia rejected opposition criticism of the Ghana Gold Board, describing it as political distraction from the government's gold purchase programme. The NPP has questioned the institution's financial performance, with Minority Leader Alexander Afenyo-Markin citing reported losses of about GH¢1.7 billion, though the GoldBod CEO has rejected the claim.
1 September 2026 · Joy Online →
The Ghana Gold Board has dismissed opposition NPP allegations that it is unlawfully conducting foreign exchange sales without Bank of Ghana authorisation, saying its forex operations have full central bank alignment and regulatory approval and allow commercial banks to participate without breaching BoG guidelines.
1 September 2026 · Joy Online →
Former Finance Minister Dr Mohammed Amin Adam disputed claims that Ghana's gold purchase programme significantly boosted foreign exchange reserves, citing Bank of Ghana data showing gold contributed only US$60.9 million (1.3%) of a US$4.716 billion reserves increase, while actual gold holdings fell 39% from 30.5 tonnes to 18.6 tonnes.
1 September 2026 · Joy Online →
Former Finance Minister Amin Adam says Ghana's gold purchase programme lost about 17 per cent of the value of raw gold sold by the Bank of Ghana, despite gold prices rising 62.9 per cent in 2025. He attributes the losses to exchange rate differences, discounts to foreign buyers, and transaction fees rather than market conditions.
1 September 2026 · Joy Online →
Former Finance Minister Dr Mohammed Amin Adam has called for full disclosure and accountability regarding reported losses in Ghana's gold trading programme, citing discrepancies between figures in the IMF Country Report (approximately GH¢22 billion economic cost), the Bank of Ghana's reported loss (GH¢9.05 billion), and GoldBod's reported surplus. Dr Amin Adam said the NPP is seeking answers and supporting documents, including a formal reconciliation of these figures from the relevant institutions.
1 September 2026 · Joy Online →
The NPP's Dr Mohammed Amin Adam said the Ghana Gold Board appears to be conducting foreign exchange sales and auctions, and questioned whether it has legal mandate under the Ghana Gold Board Act or licensing from the Bank of Ghana to do so.
1 September 2026 · Joy Online →
Karaga MP and former Finance Minister Dr Mohammed Amin Adam has called for the removal of the Bank of Ghana Governor from the Ghana Gold Board's board, citing conflict of interest since the central bank finances the gold purchase programme while also recording losses from it.
1 September 2026 · Joy Online →
Former Finance Minister Amin Adam says Ghana's gold purchase programme incurred substantial losses in 2025 despite international gold prices rising 62.9 per cent, citing exchange-rate gaps, discounts to foreign buyers, and handling fees as major costs built into every transaction.
1 September 2026 · Joy Online →
Former Finance Minister Dr Mohammed Amin Adam has challenged GoldBod's reported GH¢5.45 billion surplus for 2025, arguing that GH¢4.54 billion of it was a government capital injection credited on December 30, 2025, which should not be counted as revenue under standard accounting rules. He stated that of the remaining GH¢909.9 million, about GH¢827 million was fee income from the Bank of Ghana, and questioned how GoldBod could report a surplus while the institution providing the funds recorded a loss.
1 September 2026 · Joy Online →
Former Finance Minister Dr Mohammed Amin Adam, speaking after commissioning a CHPS compound in Kpukpalga, pledged to intensify development projects in his Karaga constituency and compete fiercely with the NDC. He criticized the NDC government's construction of a second CHPS compound at the same location, arguing the resources should instead fund nurses' quarters.
1 September 2026 · Joy Online →