Government commits to fully recapitalising Bank of Ghana by 2032
The Government has affirmed its commitment to fully recapitalising the Bank of Ghana by 2032, following Parliament's passage of the Central Bank's amended legislation to ensure its long-term financial stability. Dr Cassiel Ato Forson disclosed at a press briefing on Friday, May 15, that the government was working closely with the central bank to address its negative equity position.
The Bank of Ghana recorded an operating loss of GH₵15.63 billion and an Other Comprehensive Income (OCI) loss of GH₵19.32 billion in 2025. Its negative equity worsened from GH₵61.32 billion at the start of 2025 to GH₵96.28 billion by the end of the year. The Finance Minister explained that the recapitalisation would be undertaken gradually from now until 2032. He said, "The government is committed to fully recapitalising the central bank. It's a gradual process from now to 2032. In the new amendment, we have also introduced automatic recapitalisation." Ruben Atoyan described the central bank's financial situation as a case of "financial sector inevitable capital," but expressed confidence in the institution's path to solvency.
Mr. Atoyan said the bank's financial condition in 2025 was "challenging," citing high open market operation costs due to a tight monetary policy stance, elevated interest rates, and aggressive liquidity mop-up operations. He added that the 2032 recapitalisation target was achievable. Mr Atoyan noted that the Fund had factored the recapitalisation trajectory into its debt sustainability analysis and had supported the central bank's move to sell some of its gold holdings at the end of 2025 to strengthen
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Ghana's government and the Bank of Ghana are working together to address the central bank's financial challenges. The government has committed to recapitalizing the Bank of Ghana- but what does this mean for the nation's financial future?
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