Ghana’s central bank, the Bank of Ghana (BoG), has acknowledged a comprehensive loss of GH¢34.9 billion, following an exposé by the Minority caucus in Parliament.
The admission marks a significant development in the ongoing scrutiny of the central bank’s financial position, with the disclosure intensifying political debate over economic management and accountability.
According to early May 2026 reports, the Minority caucus triggered the revelation after raising concerns about the Bank’s financial statements and demanding greater transparency regarding its operations. The Minority’s concerns centre on what he described as worsening negative equity, questions surrounding the Bank’s solvency position, and the accounting methods used in preparing the financial statements.
The Minority caucus, which initiated the probe, maintains that the loss raises serious questions about financial governance and oversight at the central bank, though the BoG has yet to provide a detailed breakdown of the factors driving the deficit.
The Minority’s address followed an earlier press briefing by the Majority Caucus—fronted by Atta Issah—which sought to defend the anticipated losses even before the official accounts were released.
That move has been heavily criticised by the Minority as both unlawful and a politicisation of the central bank.
