Majority warns Minority against ‘alarmist’ narratives over BoG report

The Majority in Parliament has criticised the Minority over its interpretation of the Bank of Ghana’s 2025 audited financial statements, accusing it of misleading the public and undermining confidence in the country’s financial system.

In a press release issued on Sunday, May 3, 2026, the Majority described the Minority’s commentary as inaccurate and alarmist.

“They have used strong language. They have attempted to create alarm. But confidence is not competence. Volume is not accuracy,” the statement said.

The Majority expressed concern about how the audit report is being discussed publicly, arguing that the Minority’s analysis presents a flawed understanding of a highly technical document.

“What we have seen is a flawed interpretation of a technical document, presented in a way that risks misleading the Ghanaian public,” it stated.

According to the Majority, central bank financial reports require careful interpretation and responsible communication to prevent distortion and confusion.

It said its response was aimed at defending factual accuracy and promoting responsible discourse, insisting that discussions on such matters must be grounded in expertise rather than political rhetoric.

“Today, we set the record straight,” the statement said, adding that its intervention seeks to restore clarity, credibility and truth to the ongoing debate.

The Majority further argued that reducing complex financial issues to simplified political messaging weakens public understanding and could negatively affect investor confidence.

While acknowledging that some aspects of the Bank’s financial outcomes were influenced by non recurring factors, it maintained that these had been transparently disclosed.

“Financial statements capture actual realised results within a period… This is fully disclosed. There is no concealment,” the statement emphasised.

The Majority also urged stakeholders, particularly political actors, to exercise caution and accuracy when commenting on sensitive economic matters.

“In such conditions, active balance sheet management is not a sign of weakness. It is a necessary tool of stabilisation,” it added.