The Bank of Ghana has not made any losses that should be a topic for discussion - Sammy Gyamfi

Sammy Gyamfi, Chief Executive Officer of the Ghana Gold Board, downplayed concerns over the Bank of Ghana's 2025 financial performance, insisting "The Bank of Ghana has not made any losses that should even be a topic for discussion." His remarks follow the release of the Bank's 2025 Financial Statement, published on May 1, 2026, which revealed an operational loss of GH¢15.6 billion.

The figures have triggered political exchanges between the governing National Democratic Congress (NDC) and the opposition New Patriotic Party (NPP). NPP MP for Tano North, Gideon Boako, described the development as "a new low." The Bank of Ghana reported a GH¢19.32 billion charge in other comprehensive income. The local currency appreciated by 41 per cent in 2025. Sammy Gyamfi stated that GoldBod generated over GH¢960 million in revenue in 2025 against expenditure of less than GH¢120 million. The NDC Majority maintains that the Bank's negative equity dates back to 2022, largely linked to the Domestic Debt Exchange Programme.

According to the central bank, the reported loss was largely driven by three factors: monetary policy operations, the gold accumulation programme, and exchange rate-related accounting adjustments. On the gold programme, the Bank recorded an accounting cost of about GH¢9 billion. The Bank holds roughly 111 tonnes of gold as reserve assets.