The Majority in Parliament has defended the financial position of the Bank of Ghana (BoG) following concerns over its 2025 operational loss, insisting that the central bank is not structured to generate profit.<\/p>\n
The response follows the release of the Bank\u2019s latest audited financial results, which show an operational loss of about GH\u00a215.63 billion for the 2025 financial year.<\/p>\n
This represents a sharp increase from the GH\u00a29.49 billion loss recorded in 2024, an approximate 65 per cent year-on-year rise, despite signs of stabilisation in key macroeconomic indicators, particularly inflation and exchange rate volatility.<\/p>\n
Speaking on behalf of the Majority, the Member of Parliament for Amenfi West, Eric Afful, said the Bank\u2019s financial performance should not be assessed using the same standards as commercial banks.<\/p>\n
\u201cIt is therefore important to emphasise that these financial outcomes do not impair the operational capacity of the Bank of Ghana,\u201d he said. \u201cThe Bank continues to effectively deliver on its core mandate.\u201d<\/p>\n
Mr Afful explained that the central bank\u2019s primary responsibility is to maintain macroeconomic stability, not to make profits.<\/p>\n
He noted that negative equity in central banking should not be equated with insolvency, describing it as an accounting condition rather than a sign of financial failure.<\/p>\n
\u201cNegative equity is an accounting condition and does not imply insolvency. Central banks are not profit-making institutions,\u201d he stated.<\/p>\n
He added that the Bank\u2019s balance sheet reflects the cost of policy interventions implemented during a period of severe economic distress.<\/p>\n
\u201cSimply put, the Bank\u2019s balance sheet reflects the cost of stabilising the economy,\u201d he said.<\/p>\n
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"The Majority in Parliament has defended the financial position of the Bank of Ghana (BoG) following concerns over…\n","protected":false},"author":2,"featured_media":413123,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-413122","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/413122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=413122"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/413122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/413123"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=413122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=413122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=413122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}