In a Facebook post on Friday, May 1, Dr Amin Adam claimed the central bank’s reported net loss of GHS15.6 billion would have been significantly higher if gains from gold sales had not been recognised in its profit and loss account.
Photo credit: 3News
Former Finance Minister Dr. Amin Adam claimed on May 1 that the Bank of Ghana's reported net loss of GHS15.6 billion was understated. He asserted the loss would be "significantly higher" if gains from gold sales had not been included in its profit and loss account, suggesting the actual financial position is worse than disclosed.
Source
3News
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