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By Efua Nessa
The Minority in Parliament has disputed the Bank of Ghana’s reported operating loss of GH¢15.6 billion for the 2025 financial year, arguing that the actual loss is much higher. While acknowledging the Bank’s effort in making its financial statements public, the Minority has raised concerns about the use of the Bank’s own accounting framework instead of international financial reporting standards.
The BoG’s 2025 Annual Report shows that the central bank has recorded losses for four consecutive years, with GH¢60.9 billion in 2022, GH¢10.5 billion in 2023, and GH¢9.48 billion in 2024. The current GH¢15.6 billion loss marks a sharp increase from last year’s figure.
However, Kojo Oppong Nkrumah, Member of Parliament for Ofoase-Ayirebi, has contested the official figure, asserting that the real loss is far higher. In a press conference on May 3, he claimed the true operating loss is GH¢34.9 billion.
Furthermore, Oppong Nkrumah argued that when proceeds from gold sales are included in the calculation, the total loss could rise to nearly GH¢44 billion. “If you factor in the GH¢9.6 billion from gold sales, the recalculated loss comes to GH¢44 billion,” he said.
The Minority contends that the BoG’s reported figures were manipulated through what they describe as “artificial recognition” and “clever accounting” techniques that shifted portions of the loss into “other comprehensive income,” thus reducing the apparent operating deficit.