A hearing aid includes: an input transducer for generating an audio signal; a feedback suppression circuit configured for modelling a feedback path of the hearing aid; a subtractor for subtracting an output signal of the feedback suppression circuit from the audio signal to form a feedback compensated audio signal; a signal processor that is coupled to an output of the subtractor for processing the feedback compensated audio signal to perform hearing loss compensation; and a receiver that is coupled to an output of the signal processor for converting the processed feedback compensated audio signal into a sound signal; wherein the hearing aid further comprises a gain processor for performing gain adjustment of the feedback compensated audio signal based at least on an estimate of a residual feedback signal of the feedback compensated audio signal, wherein the estimate of the residual feedback signal is based at least on the audio signal.