Is the IMF Complicit in Bank of Ghana's Massive 2025 Losses? - IERPP
The Bank of Ghana's 2025 financial statements confirm an operating loss of GH¢34.9 billion for the year (inclusive of other comprehensive income losses), compared with GH¢9.49 billion in 2024. The Central Bank explained that the losses represent "the cost of maintaining economic stability." The Governor categorically denied last year that the Central Bank would incur any losses in 2025.
The Institute of Economic Research and Public Policy (IERPP) issued a statement raising questions about the losses. The IERPP asks if the IMF merely observed these developments, endorsed the underlying policy choices, or raised concerns that were not publicly disclosed. The IERPP also asks what specific factors led to Ghana's 2025 losses, particularly in a year without a major crisis such as COVID-19 or the banking-sector clean-up.
The IERPP states that Ghanaians deserve clear, consistent, and honest answers.
Quick Summary
The Institute of Economic Research and Public Policy (IERPP) questions the Bank of Ghana's GH¢34.9 billion losses in 2025, despite IMF support. The IERPP asks if the IMF is complicit and what accountability measures exist- raising concerns about transparency.
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