Lands and Mines Watch Ghana (LMWG) has called for an independent forensic investigation into US$224 million transferred by Adamus Resources Limited to related parties outside Ghana between 2020 and 2024.
The advocacy group says the transfers, together with discrepancies in the company’s gold export records, require further investigation to establish the nature of the transactions and whether any laws or regulations were breached.
The call follows a government review of Adamus Resources’ appeal against the revocation of its Akango, Salman and Nkroful mining leases.
In a statement signed by its Executive Director, Kwame Owusu Danso, on Monday, 11 August 2026, LMWG said the review had brought the scale of the financial transactions to light and warranted scrutiny beyond the administrative action taken against the company.
The organisation said the review established that US$224 million was transferred to related parties outside Ghana during the four-year period.
It said the transactions should be subjected to a forensic audit to establish who received the funds, the purpose of the transfers and whether they complied with Ghana’s financial, tax and mining regulations.
LMWG also cited discrepancies in Adamus Resources’ gold export records, saying these should be examined alongside the related-party transfers.
The group has called on the Attorney-General, Minerals Commission and relevant investigative agencies to obtain and examine the financial records and determine whether there is evidence of criminal wrongdoing.
LMWG stressed that the existence of the transfers alone did not establish a crime, but said their scale and the circumstances surrounding them warranted independent scrutiny.
The organisation’s call comes after the government upheld the revocation of Adamus Resources’ three mining leases following a review of the company’s appeal.
The review also identified outstanding obligations to the state, including about GH¢86.8 million in unpaid royalties, GH¢290.5 million in tax arrears and US$2.56 million in unpaid mineral rights fees.
LMWG says those obligations should be pursued separately from the forensic examination of the US$224 million transfers.
It is also calling for any funds found to have been improperly transferred or otherwise owed to the state to be recovered and accounted for transparently.
