’l Understated.
The Minority in Parliament has challenged the official financial figures released by the Bank of Ghana, arguing that the institution’s reported losses for 2025 do not fully reflect the true scale of its financial position.
According to the central bank’s published accounts, the Bank recorded an operating loss of approximately GH¢15.6 billion for the 2025 financial year. The figure, presented as the headline loss, has been described by officials as a consequence of policy measures aimed at stabilising the economy during a challenging period.
However, the Minority, led by Gideon Boako, contends that the official figure is incomplete and potentially misleading. They argue that when additional components captured under Other Comprehensive Income (OCI) are included—estimated at about GH¢19.3 billion—the total loss rises significantly.
Based on their assessment, the Minority maintains that the Bank’s actual total loss stands at roughly GH¢44.5 billion, more than double the figure highlighted in the central bank’s primary reporting.
The disagreement stems largely from differences in accounting interpretation and presentation. While the Bank of Ghana emphasizes its operating loss as the most relevant indicator of performance, the Minority insists that a broader view—incorporating all financial losses—is necessary to provide a transparent and accurate picture.
The issue has since sparked renewed debate over fiscal transparency and accountability, with calls for clearer communication of financial data to the public. Analysts note that such discrepancies are not uncommon in financial reporting, particularly where central banks undertake extraordinary interventions that affect their balance sheets.
Despite the sharp differences in interpretation, both sides agree that the Bank of Ghana recorded substantial losses during the period under review, reflecting the broader economic pressures and policy responses implemented in recent years.
The Minority has indicated it will continue to push for greater scrutiny of the central bank’s accounts, while urging authorities to adopt more comprehensive reporting standards to enhance public confidence in the country’s financial governance.
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