Bank of Ghana reports negative equity and cumulative deficit in 2025 statements

6 articles · Updated · News Ghana · May 1

The audited accounts show a GH¢15.6 billion net loss, GH¢19.32 billion in other comprehensive income charges and a one-month filing extension after auditor changes and scrutiny of gold operations.
The bank said sterilisation costs doubled to GH¢16.7 billion, gold accumulation created a GH¢9 billion accounting cost, and inflation fell 18 percentage points as the cedi appreciated 41%.
Negative equity began after the 2022 debt exchange caused a GH¢48.4 billion impairment; officials said policy functions remain intact, with an IMF-backed recapitalisation framework available if needed.

Can the Bank of Ghana sustain its gold accumulation strategy without risking further losses or undermining its financial position?

How might the BoG’s ongoing negative equity impact Ghana’s economic recovery and the confidence of investors and citizens?