The Minority in Parliament has said the Bank of Ghana’s reported GH¢15.6 billion operating loss for the 2025 financial year is not the actual figure.
Despite commending the central bank for making its financial statements publicly accessible, the Minority accused the Central Bank of not preparing its financial accounts with "international financial reporting standards rather with the Bank’s own accounting framework."
According to the BoG’s 2025 Annual Report and Financial Statements, the Central Bank recorded losses for four consecutive years, following losses of GH¢60.9 billion in 2022 and GH¢10.5 billion in 2023.
Its current GHC15.6billion operating loss marks significant increase from the GH¢9.48 billion recorded in 2024.
However, the Minority caucus argued that the official figure released by the Central Bank is not a true reflection of the bank’s financial position.
Addressing a press conference on Sunday, May 3, Member of Parliament for Ofoase-Ayirebi, Kojo Oppong Nkrumah challenged he central bank’s figures, insisting that the actual operating loss is significantly higher.
“The government says the loss is GH¢15.6 billion. The true operating loss of the Bank is actually GH¢34.9 billion cedis,” he stated.
Oppong Nkrumah further argued that when proceeds from gold sales are factored into the calculations, the total comprehensive loss could rise to nearly GH¢44 billion.
“In fact, if you add back the GH¢9.6 billion proceeds from the gold sales, the recalculated loss is actually GH¢44 billion,” he added.
They allege that the BoG used “artificial recognition” and “clever accounting” methods to shift parts of the losses into “other comprehensive income,” thereby reducing the reported operating deficit.