The Minority in Parliament has challenged the Bank of Ghana’s reported GH¢15.6 billion operating loss for 2025, while still commending the central bank for being transparent in its disclosures.
According to the Bank’s 2025 Annual Report and Financial Statements, the loss increased from GH¢9.48 billion in 2024, marking the fourth consecutive year of deficits after GH¢60.9 billion in 2022 and GH¢10.5 billion in 2023.
However, the Minority argues that the figures do not fully reflect the true extent of the losses.
They allege that the Bank used “artificial recognition” and “clever accounting” to move part of the deficit into “other comprehensive income,” which they say makes the operating loss appear smaller.
Speaking at a press conference on Sunday, May 3, 2025, Member of Parliament for Ofoase-Ayirebi, Kojo Oppong Nkrumah, rejected the official numbers, claiming the “true operating loss” is closer to GH¢34.9 billion.
He added that when proceeds from gold sales are included, the total comprehensive loss could be nearly GH¢44 billion.
“The government says the loss is GHC15.6 billion. The true operating loss of the Bank is actually GHC34.9 billion cedis. In fact, if you add back the 9.6 billion cedis proceeds from the Gold sales, the recalculated loss is actually GHC44 billion.”
