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 designed to generate profit.
The comments come in response to the Bank of Ghana’s latest audited financial results, which showed an operational loss of about GH¢15.63 billion for the 2025 financial year.
This marks 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 shown signs of stabilisation.
Speaking on behalf of the Majority, the Member of Parliament for Amenfi West, Eric Afful, said the central bank’s financial outcomes should not be interpreted in the same way as those of commercial banks.
“It is therefore important to emphasize that these financial outcomes do not impair the operational capacity of the Bank of Ghana,” he said. “The bank continues to effectively deliver on its core mandate.”
He explained that the Bank of Ghana’s core mandate is focused on macroeconomic stability rather than profit-making.
Afful stressed that negative equity in central banking is not equivalent to insolvency, describing it as ” an accounting condition and does not imply insolvency. Central banks are not profit-making institutions,” he said.
He further argued that central banks operate differently from commercial banks, with a primary focus on stabilising the economy rather than generating returns.
“Simply put, the bank’s balance sheet reflects the cost of stabilizing the economy during a period of severe economic distress,” he added.
