Member of Parliament for Tano North and Member of Parliament’s Finance Committee, Dr. Gideon Boako, has said that the Bank of Ghana’sdebt recorded in 2025 is more than the GHc 15.6 billion it revealed to the public.
In its Financial Statements released on May 1, 2026, the Bank of Ghana posted a loss of GH 15.6 billion – a collosul figure which has been described as the second highest ever loss since 2008 when the Cedi was resenominated.
Contrary to what has been presented, Dr. Boako contends, with figures, that the losses were far in excess of the figures the Bank of Ghana shared.
”Do not buy the propaganda that the loss BoG made is only GHc15.63 billion,” Dr. Boako wrote on his Facebook page.
“It is more than that. Adding the loss in Other Comptehensive Income (OCI) of GHC19.32 billion gives a total loss of GHC34.95 billion. This explains why the negative equity deteriorated from GHC58.62 billion in 2024 to GHC93.82 billion in 2025.”
“This is the true loss made by the BoG. And this is even after reflecting income from gold sales. So excluding the income from gold sales of GHC9.57 billion, the total loss would have been GHc 44. 52 billion. Why is it important to exclude income from 18 tons of gold sales? Because that is not operations, it was clearly accounting gimmick to hide the policy insolvency of the Bank.”
“This is way beyond the Majority propaganda by announcing operating loss of GHc15.6 billion. They quietly pushed away the huge loss of GHC19.32 billion sitting in OCI. Just note that in 2024 there was a gain of GHC4 billion in OCI and not a loss. God save Ghana.”
Dr. Boako has extensively written on the financial situation of the Bank of Ghana for some time. A few months ago, said the Bank of Ghana had incurred huge losses, adding that the losses would be exposed by the bank’s financial statements.
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Source: www.myjoyonline.com