Adongo defends BoG recapitalisation plan amid growing debate over GH¢93.82bn negative equity
Isaac Adongo, Chairman of Parliament's Finance Committee, defended government's plan to recapitalise the Bank of Ghana (BoG). The Bolgatanga Central MP said on Wednesday, May 6, on Channel One TV, "The Central Bank and the Ministry of Finance agree that there must be a roadmap to recapitalising the bank and that will be done."
The remarks from Mr. Adongo follow the release of the Bank of Ghana's 2025 financial statements, which recorded a GH¢15.63 billion loss and a negative equity position of GH¢93.82 billion. Mr. Adongo maintained that the recapitalisation process is already grounded in law and forms part of a structured roadmap approved by Parliament.
Mr. Adongo added that the Finance Minister had already presented the framework to Parliament and that there was no indication the government intended to disregard the law. He stressed that the government remains committed to complying with the legal framework governing the recovery of the Bank's balance sheet.
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Isaac Adongo has defended the government's plan to recapitalise the Bank of Ghana (BoG). The Bolgatanga Central MP's comments come amid debate over the BoG's GH¢93.82bn negative equity - but what does this mean for the future?
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