The Minority in Parliament has expressed discomfort over what it describes as the celebration of the Bank of Ghana’s financial challenges, insisting that its focus remains on protecting and promoting economic stability.
Speaking on The Point of View on Wednesday, May 6, the Member of Parliament for Tano North and a member of Parliament’s Finance Committee, Dr Gideon Boako, said the concerns raised are motivated by national interest rather than political point-scoring.
“We are not gloating over anything, but we all want the best for the country. We understand the central bank to be that thick wall that the government or all of us have to fall on once there is trouble in the country, or there are economic mismatches,” he said.
His comments follow reports that the Bank of Ghana recorded a GH¢15.6 billion operating loss for the 2025 financial year, up from the GH¢9.48 billion loss posted in 2024. The central bank has now registered losses for four consecutive years, including GH¢60.9 billion in 2022 and GH¢10.5 billion in 2023.
Dr Boako highlighted three key concerns in the Bank’s financial statements, particularly the rising negative equity position.
“In the financials, three things were crucial. The negative equity position of the bank. Not that it is just critical but because we’ve seen an increase in the negative equity position,” he stated.
“There is also what appears to have been an insolvency position with the central bank although there was a smart move in the last quarter of 2025 to kind of get the insolvency resolved but the approach was not the traditional means to get over that,” he added.
He also questioned the scale of the reported losses and the accounting procedures used in the preparation of the financial statements.