The Minority in Parliament has challenged the Bank of Ghana’s reported GH¢15.6 billion operating loss for the 2025 financial year, insisting that the figure does not reflect the central bank’s true financial position.
While commending the Bank of Ghana for publishing its financial statements, the Minority accused the central bank of not fully adhering to International Financial Reporting Standards (IFRS), alleging that it instead relies on its own internal accounting framework.
According to the Bank of Ghana’s 2025 Annual Report and Financial Statements, the central bank recorded an operating loss of GH¢15.6 billion for the year. This follows successive losses over the past years, including GH¢60.9 billion in 2022, GH¢10.5 billion in 2023, and GH¢9.48 billion in 2024.
However, the Minority Caucus argues that the published figure understates the actual loss incurred.
Speaking at a press conference on Sunday, May 3, the Member of Parliament for Ofoase-Ayirebi, Kojo Oppong Nkrumah, disputed the reported numbers, stating that the real 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 said.
He further explained that when proceeds from gold sales are taken into account, the total comprehensive loss could rise even further.
“In fact, if you add back the GH¢9.6 billion proceeds from gold sales, the recalculated loss is actually GH¢44 billion,” he added.
The Minority also accused the central bank of using what it described as “artificial recognition” and “creative accounting” practices, arguing that some losses were shifted into “other comprehensive income” to reduce the headline deficit.
They maintain that these accounting treatments distort the true financial health of the Bank of Ghana and call for greater transparency in reporting the central bank’s operations.
Source:
oyerepafmonline.com