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BoG RECORDS HUGE LOSSES! …Starts PR Gimmick

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The Bank of Ghana (BoG) is facing mounting public scrutiny after releasing a video widely interpreted as a pre-emptive justification of reported financial losses.

The video, shared across the central bank’s official digital platforms, sought to explain the context behind what appears to be an impending financial report detailing significant losses. However, rather than calming concerns, the move has triggered a wave of online reactions, with many Ghanaians questioning the magnitude and underlying causes of the losses.

Social media users have described the communication as a public relations strategy aimed at managing public perception ahead of the formal release of audited financial statements. Many argue that the tone and timing of the video suggest an attempt to frame the narrative before detailed figures become public.

Although the central bank has not yet published the full report referenced in the video, the institution reportedly attributes the losses to macroeconomic interventions, including policy measures implemented during Ghana’s recent economic turbulence. These measures are believed to include exchange rate stabilisation efforts, domestic debt restructuring impacts, and liquidity support to the financial sector.

Online commentators are demanding greater transparency, with some calling for a detailed breakdown of the loss components, comparative year-on-year data, and clarity on whether the losses have implications for taxpayer exposure or monetary policy independence.

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