Oppong Nkrumah urges urgent BoG recapitalisation, warns against political interference
Kojo Oppong Nkrumah, Member of Parliament for Ofoase-Ayirebi, called for the urgent recapitalisation of the Bank of Ghana (BoG) on Monday, 4 May, on Super Morning Show. He stated, "Today, the Bank of Ghana is in a negative equity position, net of Ghc93 billion, and the bank needs to be recapitalised urgently."
Oppong Nkrumah warned that emerging policy directions under the government's "reset agenda" could undermine the long-term stability of the central bank. He expressed concern that some recent policy decisions appear to be influenced by political considerations. He criticised a strategy of asset sales aimed at stabilising the cedi, warning that it represents a short-term solution. He said, "we have been warning since March 2025, that the approach you are using, you can even bring inflation down to zero, but you will create problems."
Oppong Nkrumah's comments come amid an intensifying public debate over the financial health of the central bank. Analysts and policymakers are divided over the sustainability of recent economic stabilisation measures and their long-term implications for Ghana's economy.
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Kojo Oppong Nkrumah has urged for the urgent recapitalisation of the Bank of Ghana (BoG), raising concerns about its financial position. He warned that emerging policy directions could undermine the central bank's stability - if not carefully managed.
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