Kojo Oppong Nkrumah, Member of Parliament for Ofoase-Ayirebi, has stated the Minority in Parliament did not accuse the Bank of Ghana (BoG) of mismanagement.
He explained their focus was on highlighting issues and explaining impacts. Decisions about managing the Ghana cedi's value have affected the bank's financial health. The BoG recently recorded an operating loss of GHS 15.6 billion in its 2025 audited financial statements. This figure is a significant increase from the GHS 9.4 billion loss reported in 2024. This represents a GHS 6.2 billion rise in operating losses.
The central bank's negative equity also grew substantially. It widened from GHS 58.62 billion to GHS 93.82 billion over the period. Total assets for the bank rose to GHS 237 billion in 2025. This is up from GHS 215 billion in 2024. Total liabilities also saw an increase. They climbed from GHS 276 billion to GHS 333 billion during the same time.
Mr. Oppong Nkrumah spoke on Joy News’ The Pulse program. He emphasized that the Minority's engagement involved analysis and education. It did not involve direct accusations of misconduct against the BoG. He stated their interventions focused on understanding economic trends. They aimed to inform the public about these complex financial matters.
He further elaborated on past concerns raised by the Minority. These included discussions on the cedi's previous appreciation. The Minority attributed this to market interventions by the BoG. They argued it was not due to fundamental economic improvements. Subsequent policy shifts and actions by international financial bodies influenced exchange rates. They contributed to the cedi's depreciation after intervention measures were halted. Mr. Oppong Nkrumah stated the Minority had previously warned about potential financial losses for the central bank from such interventions.
This situation occurs as Ghana navigates economic challenges. The country aims to stabilize its currency and manage public finances. The significant losses at the central bank raise questions for investors and international partners. The BoG's financial stability is crucial for the overall health of Ghana's economy. Negative equity at the central bank can impact its ability to conduct monetary policy effectively. It can also affect confidence in the financial system.
The Minority's stance, as clarified by Mr. Oppong Nkrumah, suggests a continued focus on scrutinizing economic policies. Their analysis targets how these policies affect key institutions like the Bank of Ghana. The market will watch for further details on the BoG's strategy. They will also observe how the government addresses the widening negative equity and operating losses.
Decisions by the Monetary Policy Committee of the BoG are highly anticipated. These decisions will guide interest rates and liquidity management. The public finance implications of the BoG's losses require careful consideration by the Ministry of Finance. Future fiscal planning will need to account for these financial burdens.