The Member of Parliament for Tano North and a member of Parliament’s Finance Committee, Dr Gideon Boako, has warned that the Bank of Ghana (BoG) is in a “precarious situation”, disputing suggestions that the central bank’s financial losses were largely the result of its anti-inflation success.
Speaking on The Point of View on Wednesday, May 6, 2026, Dr Boako argued that only a small portion of the Bank of Ghana’s losses could be linked to exchange rate-related revaluation effects arising from its monetary policy interventions.
According to him, the bulk of the losses reflected deeper financial pressures confronting the central bank.
“The component of the loss that is coming from re-evaluation or exchange loss is the 5 or so billion cedis you’re talking about. So out of 34, only 5 or so billion cedis is attributable to what you can say is the Bank being punished for its own success,” he said.
He rejected claims that the central bank’s financial difficulties were primarily the consequence of successful policy actions aimed at stabilising the economy.
“The chunk of the loss has nothing to do with [that]. So that conversation that the bank is a victim of its own success is neither here nor there,” he stated.
Dr Boako warned that the current state of the central bank should be a matter of national concern.
“The Central Bank is in a precarious situation now,” he added.
His comments come amid intense public debate over the Bank of Ghana’s 2025 financial statements, which recorded a GH¢15.6 billion loss and rising negative equity levels.
The central bank has maintained that the losses were driven largely by the cost of monetary policy interventions, liquidity sterilisation measures, and exchange rate-related adjustments implemented to restore macroeconomic stability and contain inflation.
However, Dr Boako’s remarks add to growing scrutiny over the depth of the central bank’s financial challenges and the sustainability of its current position.
The Bank of Ghana’s 2025 financial statements show a significant operating loss and a widening negative equity position, developments that have triggered intense public debate and criticism from sections of the opposition and policy analysts.
The Bank of Ghana (BoG) has posted a GH¢15.63 billion loss for the 2025 financial year. This is a sharp deterioration from the GH¢9.49 billion loss recorded in 2024. The roughly 65% year-on-year increase comes at a time when key macroeconomic indicators particularly inflation and exchange rate volatility have stabilised.
Consequently, the balance sheet of the Bank has weakened further, with negative equity widening to GH¢93.82 billion.
