The Majority in Parliament has pushed back against concerns over the reported GH¢19 billion loss in the 2025 financial statements of the Bank of Ghana, arguing that the figure reflects calculated policy choices rather than financial mismanagement.
Presenting their position, the Member of Parliament for Sagnarigu, Atta Issah, said the central bank deliberately absorbed significant costs to restore macroeconomic stability, noting that the benefits are already being felt across the economy.
He explained that a major portion of the expenditure came from efforts to control inflation, which required the Bank to withdraw excess liquidity through short-term instruments—an exercise that significantly increased interest-related costs.
According to him, these measures contributed to a sharp drop in inflation, underscoring what he described as a direct link between the Bank’s spending and improved economic conditions.
The Majority also highlighted the central bank’s gold accumulation programme as another key factor behind the reported loss, stressing that the GH¢9 billion recorded cost represents an investment in tangible reserves rather than a depletion of resources.
They further argued that part of the headline loss is due to accounting adjustments tied to currency movements, noting that a stronger cedi can reflect as a loss on paper, even though it benefits the broader economy.
The caucus maintained that the Bank’s interventions have strengthened Ghana’s resilience against external shocks, insisting that the long-term economic gains justify the short-term financial costs captured in its books.
