Bank of Ghana Balances on a Knife Edge
Bank of Ghana published its audited financial statements for 2025 on April 30th, 2026. The statements should have been approved by the Board and submitted to the Finance Minister by end-March, but they were not. The Bank obtained a one-month extension, partly because it had changed auditors - from Deloitte to KPMG - and partly because additional scrutiny was requested around the gold operations and the Bank's exposure to the Ghana Gold Board (GoldBod). The statements were approved on April 29 and published on May 1.
The Bank of Ghana recorded a net loss of $1.25 billion for the year. An additional $1.55 billion in other comprehensive income charges pushed total comprehensive losses to $2.80 billion. Cumulative negative equity reached approximately $9 billion at the end-2025 closing rate, widening from $3.99 billion a year earlier. In 2025, the Bank purchased approximately 2.9 million fine ounces of doré gold, worth roughly $7.6 billion at average market prices. The Bank sold 869,915 ounces of refined bullion for approximately $3.6 billion, and also sold roughly 2.9 million ounces of doré under the Gold for Reserves programme. Reserves rose from around $6.5 billion in early 2024 to $13.8 billion by end-2025.
Quick Summary
The Bank of Ghana (BoG) released its 2025 financial statements, revealing a significant net loss. Scrutiny of the gold operations and the Bank's exposure to the Ghana Gold Board (GoldBod) may have played a role - but what does it all mean?
Summary - read the full story for complete context.
Image: MyJoyOnline
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from MyJoyOnline
Related Stories
More from Business & Economy
Ghana's problems solvable but not with square pegs in round holes
Is Ghana's reliance on political loyalty over competence the root cause of its persistent developmental challenges?
5h ago•4 min read
The Bank of Ghana has not made any losses that should be a topic for discussion - Sammy Gyamfi
The Bank of Ghana's financial performance is under scrutiny - but one official is downplaying the concerns. Why?
22h ago•3 min read
Bank of Ghana in 2025: Financially impaired but operationally resilient
Deepening losses and negative equity at the Bank of Ghana - but is the situation as dire as it seems?
1d ago•4 min read
Ghana-Korea trade hits $380 million amid growing cultural, investment ties
Ghana-Korea trade is booming, driven by growing business interest - but what sectors are seeing the most growth?
1d ago•2 min read
