The Majority in Parliament has defended the financial position of the Bank of Ghana following concerns over its 2025 operational loss, insisting that the central bank is not mandated to make profits.
The response comes after the release of the Bank’s audited financial results, which showed an operational loss of about GH¢15.63 billion for the 2025 financial year.
This represents a significant increase from the GH¢9.49 billion loss recorded in 2024, marking an estimated 65 per cent rise year-on-year, despite improvements in key macroeconomic indicators such as inflation and exchange rate stability.
Speaking on behalf of the Majority, the Member of Parliament for Amenfi West, Eric Afful, argued that the Bank’s financial performance should not be assessed using the same benchmarks as commercial banks.
“It is therefore important to emphasise that these financial outcomes do not impair the operational capacity of the Bank of Ghana. The Bank continues to effectively deliver on its core mandate,” he stated.
Mr. Afful explained that the primary responsibility of the central bank is to maintain macroeconomic stability rather than generate profit.
He further clarified that negative equity in central banking does not amount to insolvency, describing it as an accounting condition rather than an indication of financial distress.
“Negative equity is an accounting condition and does not imply insolvency. Central banks are not profit-making institutions,” he added.
According to him, the Bank’s balance sheet reflects the cost of policy interventions undertaken during a period of economic challenges.
“Simply put, the Bank’s balance sheet reflects the cost of stabilising the economy,” he said.
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