The Minority in Parliament has accused the Bank of Ghana (BoG) of understating the scale of its 2025 financial losses, claiming the central bank’s reported GH¢15.6 billion deficit does not reflect its true financial position.
Speaking at a press conference on Sunday, May 3, Mr Kojo Oppong Nkrumah, Member of Parliament for Ofoase-Ayirebi, argued that the actual losses incurred by the Bank were far higher than officially disclosed.
While commending the central bank for making its financial statements publicly available, the Minority alleged that portions of the losses were shifted into “other comprehensive income” through what it described as “artificial recognition” and “clever accounting practices.”
According to the caucus, the BoG’s true operating loss for the 2025 financial year stands at approximately GH¢34.9 billion — more than double the official figure.
Mr Oppong Nkrumah further claimed that when proceeds from gold sales amounting to GH¢9.6 billion are added back, the Bank’s total comprehensive loss rises to nearly GH¢44 billion.
“The government says the loss is GH¢15.6 billion. The true operating loss of the Bank is actually GH¢34.9 billion. In fact, if you add back the GH¢9.6 billion proceeds from the gold sales, the recalculated loss is actually GH¢44 billion,” he stated.
The Minority said the latest figures raise serious concerns about the financial health of the central bank and called for greater clarity in the presentation of its accounts.
According to the BoG’s 2025 Annual Report and Financial Statements, the reported loss of GH¢15.6 billion marks the fourth consecutive year of deficits for the Bank.
The central bank recorded losses of GH¢60.9 billion in 2022, GH¢10.5 billion in 2023, and GH¢9.48 billion in 2024.
The Minority argued that the recurring losses underscore the need for urgent measures to restore confidence in the Bank’s financial management and ensure greater transparency in future reporting.
