Minority caucus 'strips BoG naked' over losses, accuses NDC of hiding true financial Ccrisis
The Minority caucus in Parliament launched a critique of the Bank of Ghana (BoG) following the release of its 2025 audited financial statements. The caucus declared that the central bank's true financial condition has been deliberately obscured and warned that the institution is now facing "policy insolvency." According to the caucus, the Bank reported operational income of GH¢22.2 billion against open market operation (OMO) costs of GH¢16.7 billion, but this includes a one-off gain of GH¢9.6 billion from gold sales.
The Minority's address follows an earlier press briefing by the Majority Caucus-fronted by Atta Issah-which sought to defend the anticipated losses even before the official accounts were released. The Minority challenged the widely reported GH¢15.6 billion headline loss, insisting that the real loss is significantly higher when all components are considered. They pointed to an additional GH¢19.3 billion recorded under Other Comprehensive Income (OCI), bringing total losses to approximately GH¢34.9 billion. According to the Minority, the accounts were not prepared in accordance with the full International Financial Reporting Standards (IFRS) but rather under the Bank's internal accounting policies.
The Minority noted that the Bank had been on a recovery path before 2025. They cited official figures showing a 2023 loss of GH¢13.23 billion.
Quick Summary
Ghana's Minority caucus has strongly criticized the Bank of Ghana's (BoG) financial state following the release of its 2025 report- raising concerns about transparency. The caucus alleges hidden losses and policy insolvency, hinting at deeper issues within the nation's financial systems- but what could this mean?
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