Amin Adam challenges GoldBod’s GH¢5.45bn surplus

Former Finance Minister and Karaga Member of Parliament Dr Mohammed Amin Adam has disputed GoldBod's reported surplus of GH¢5.45 billion for 2025. According to Dr Amin Adam, the figure does not accurately represent the organization's trading performance. He claimed that GH¢4.54 billion, which accounts for 81.7% of the reported surplus, is a government capital injection credited to GoldBod's books on December 30, 2025.

This money, described as revolving trade capital by GoldBod, should not be considered revenue, as it does not meet the criteria of standard public sector and international accounting rules, he argued. Dr Amin Adam questioned the credibility of GoldBod's reported surplus, stating that it cannot be capital when convenient and revenue when there is something to celebrate.

Of the remaining GH¢909.9 million, he said approximately GH¢827 million was fee income, primarily consisting of service charges paid to the Bank of Ghana for gold purchase operations. Dr Amin Adam emphasized that the bulk of GoldBod's real income was actually a commission charged on a program that resulted in a GH¢22 billion loss for the country.

He called for GoldBod's 2025 accounts to be restated, removing the GH¢4.54 billion capital injection from revenue.