Ghana news briefing
Ghana bought and sold gold but lost money in best gold market in 50 years – Amin Adam
Synthesised from 2 Ghanaian sources
However, Dr Amin Adam said the International Monetary Fund’s assessment showed that the programme still lost about 17 per cent of the value of the raw gold sold by the Bank of Ghana.
Karaga MP and former Finance Minister, Dr Mohammed Amin Adam, has criticised Ghana’s gold purchase programme, arguing that the country failed to benefit financially from a period of exceptional growth in international gold prices.
Dr Amin Adam has consequently called for a full parliamentary inquiry into the programme, insisting that the government must explain how Ghana could buy and sell gold during a period of record price growth and still incur such significant losses.
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