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Amin Adam: Gold programme lost money despite 62.9% rise in prices
By GhanaSummary Newsroom1 min read
Dr Amin Adam also cited the discount given to foreign buyers, saying Ghana sold gold in October 2025 at US$3,919 an ounce compared with a world average of US$4,054.
Former Finance Minister, Dr Mohammed Amin Adam, says Ghana’s gold purchase programme failed to deliver the expected financial benefits despite a significant rise in international gold prices in 2025.
He said the Bank of Ghana advanced cedis at the official interbank rate while GoldBod paid miners at higher rates available through forex bureaus.
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