Publish a clear and detailed BoG recapitalisation plan — NPP urges gov't

The New Patriotic Party (NPP) has called on the government to publish a clear and detailed recapitalisation plan for the Bank of Ghana (BoG) as concerns persist over the central bank's financial position.

The call comes amid discussions over how the Bank should restore its capital base after recording significant losses in recent years.

According to the NPP, the government's own agreement with the central bank is to rebuild the Bank's equity in phases between 2026 and 2032, with full recovery expected by the end of 2032.

The party noted that the Bank closed the 2025 financial year with negative equity of about GH¢94 billion, a deterioration from the previous year.

In a statement issued on Tuesday, June 9, and signed by Dr. Mohammed Amin Adam, Co-Chair of the NPP's Finance and Economic Policy Committee, the party argued that the solution lies in a credible recapitalisation programme rather than any attempt to sell and lease back the Bank's new headquarters.

"The honest route is a credible recapitalisation plan, real expenditure discipline, and an end to loading the Bank with losses it should never carry. No asset sale can offset policy decisions that drain the institution from within," the statement said.

The opposition party stressed that selling the central bank's headquarters would not address the underlying causes of its financial challenges and could leave the institution worse off in the long term.

It further argued that a sale-and-leaseback arrangement would create additional liabilities for the Bank while depriving it of a valuable national asset.

The NPP therefore urged the government to provide greater transparency on how it intends to restore the Bank's financial health.

"First, publish a clear and detailed recapitalisation plan, stating the amounts, the instruments, and the sources of funding," the statement demanded.

The party also called on the government to halt what it described as practices that are worsening the financial position of the central bank.