The Minority in Parliament has scheduled a press conference to address what it describes as “gargantuan loss” by the Bank of Ghana (BoG).
The event is set to take place on Sunday, May 3, 2026, at 2 PM.
It will be held at the Conference Room on the 7th Floor, West Wing of Parliament.
The press conference is expected to focus on concerns raised by the Minority regarding the financial performance of the central bank.
Background: Bank of Ghana 2025 Financial Performance
The Bank of Ghana’s 2025 audited financial statements, released on May 1, 2026, reveal a deepening of its financial challenges:
- Net Operating Loss: The central bank reported a net loss of GH¢15.63 billion for the 2025 financial year, an increase from the GH¢9.49 billion loss recorded in 2024.
- Negative Equity: The total negative equity has risen to GH¢93.82 billion.
- Operating Income: The Bank recorded GH¢22.23 billion in operating income, aided by GH¢9.57 billion in gains from refined gold sales.
Primary Cost Drivers:
- Open Market Operations (OMO): Spending on OMOs doubled to GH¢16.73 billion as the Bank mopped up excess liquidity to control inflation.
- Market-Related Losses: Net losses on gold transactions totaled GH¢9.05 billion, alongside GH¢5.47 billion in foreign exchange revaluation and exchange rate losses.
- Debt Restructuring: The balance sheet was impacted by a 50% haircut on GH¢67 billion worth of non-marketable government securities.
Institutional Stance
The BoG Board maintains that the institution remains policy solvent, meaning it can continue to fund core monetary operations without direct government support despite the accounting losses. The Bank projects a return to profitability between 2026 and 2030 as interest rates decline. Conversely, members of the Minority and some financial analysts have labeled the 2025 results a "policy failure," noting that these losses occurred in a non-crisis year following signs of recovery in 2024.
Source: classfmonline.com
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