2025 BoG GH¢15.7bn loss was a peak, future results expected to improve - Atta Issah
Atta Issah said at a press briefing on Thursday, April 30, that the Bank of Ghana's (BoG) expected 2025 loss of about GH¢15.7 billion represents a peak. He argued that structural changes in monetary conditions and policy reforms will significantly reduce future financial pressures on the central bank. According to him, inflation falling to 3.2 percent in March 2026 has significantly reduced the need for aggressive liquidity management operations.
Mr. Issah noted that the reduction in the policy rate from 27 percent at the end of 2024 to 14 percent in March 2026 will substantially lower the cost of issuing and rolling over BoG instruments. The Majority also pointed to legislative changes, including the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), passed by Parliament on 26 February 2026. The lawmaker argued that this change will prevent a recurrence of the GH¢9 billion cost linked to gold transactions recorded in the 2025 accounts. They also cited expectations of cedi stability at a stronger level, arguing that the large revaluation losses seen in 2025-estimated at GH¢19.32 billion-are unlikely to be repeated.
The Bank of Ghana is expected to publish its full audited financial statements for 2025 in the coming days.
Quick Summary
The Majority in Parliament addressed the Bank of Ghana's (BoG) expected 2025 loss. They argued that structural changes and policy reforms will reduce future financial pressures on the central bank - but how?
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