{
  "id": 4852372,
  "title": "Amin Adam challenges GoldBod’s GH¢5.45bn surplus",
  "url": "https://urgent.news/2026/09/01/amin-adam-challenges-goldbods-gh-5-45bn-surplus-4852372",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-01T11:18:41.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/amin-adam-challenges-goldbods-gh%c2%a25-45bn-surplus/"
  },
  "original_language": "en",
  "account": "Former Finance Minister and Karaga Member of Parliament, Dr Mohammed Amin Adam, has raised doubts over GoldBod's reported GH¢5.45 billion surplus for the fiscal year 2025. Dr Amin Adam contends that the figure fails to accurately represent the organization's actual trading performance. According to him, GH¢4.54 billion, accounting for 81.7% of the surplus, was a government capital injection credited to GoldBod's books just before the financial year concluded on December 30, 2025.\n\nDuring a press conference on Tuesday, September 1, Dr Amin Adam emphasized that this capital injection should not be presented as revenue. He explained that under standard public sector and international accounting rules, funds provided by an owner are considered capital, not revenue, and GoldBod's own statements describe this injection as \"revolving trade capital.\"\n\nDr Amin Adam's challenge to GoldBod's figures raises questions about the credibility of the organization's reported surplus. He pointed out that the remaining GH¢909.9 million, including approximately GH¢827 million in fee income from service charges paid to the Bank of Ghana, appears to be the only real income GoldBod has generated. He asserted that this income is largely derived from a program that has resulted in a significant loss of GH¢22 billion for the country.\n\nDr Amin Adam questioned the logic of GoldBod reporting a surplus while the institution providing the funds recorded a substantial loss. He urged for GoldBod's 2025 accounts to be restated, removing the GH¢4.54 billion capital injection from revenue calculations.",
  "summary": "Karaga Member of Parliament and former Finance Minister, Dr Mohammed Amin Adam, has challenged GoldBod’s reported GH¢5.45 billion surplus for 2025, arguing that the figure does not accurately reflect the organisation’s trading performance.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Amin Adam challenges GoldBod’s GH¢5.45bn surplus",
        "url": "https://urgent.news/2026/09/01/amin-adam-challenges-goldbods-gh-5-45bn-surplus",
        "published": "2026-09-01T11:18:41.000Z"
      },
      {
        "outlet": "3News",
        "title": "Gold purchase programme failed to deliver the expected financial benefits - Amin Adams",
        "url": "https://urgent.news/2026/09/01/gold-purchase-programme-failed-to-deliver-the-expected-financial",
        "published": "2026-09-01T12:33:24.000Z"
      },
      {
        "outlet": "Adom Online",
        "title": "Amin Adam challenges GoldBod’s GH¢5.45bn surplus",
        "url": "https://urgent.news/2026/09/01/amin-adam-challenges-goldbods-gh-5-45bn-surplus-4859958",
        "published": "2026-09-01T12:44:15.000Z"
      },
      {
        "outlet": "Starr FM",
        "title": "GoldBod losses: We demand answers, not insults – Amin Adam",
        "url": "https://urgent.news/2026/09/01/goldbod-losses-we-demand-answers-not-insults-amin-adam",
        "published": "2026-09-01T13:02:46.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}