The Bank of Ghana (BoG) has moved to reassure the public and policymakers about its financial strength following heightened scrutiny of its 2025 accounts, which revealed a significant GH¢15.6 billion loss.
Addressing concerns on Channel One TV’s “Face to Face” on Tuesday, May 5, BoG’s Head of Communications, Bernard Otabil, maintained that the central bank remains fully capable of fulfilling its mandate despite the reported losses.
Otabil explained that the institution’s financial position should be understood within the unique context of central banking, where policy effectiveness is prioritized over profitability.
“We are policy solvent,” he stated. “If in doubt, you always have to look at the cash flow position. The accounts presented came with other supporting documents, all laid out transparently. There’s nothing to suggest the Central Bank cannot continue its business as usual, nor will any significant part of its operations be curtailed in the foreseeable future.”
He pointed to the BoG’s “policy solvency” figure, approximately 5.5 billion, as evidence of the bank’s resilience. According to Otabil, policy solvency demonstrates the Bank’s capacity to fund and sustain its monetary policy operations, including managing liquidity and maintaining price stability across the economy.
The BoG’s 2025 financial results have sparked public and political debate, with critics raising concerns about the scale of the central bank’s losses and its negative equity position. However, Otabil urged commentators to interpret these numbers in context, noting that central bank balance sheets often reflect the costs involved in stabilizing economies during turbulent times.
He stressed that the central bank’s ability to operate effectively remains unaffected, dismissing suggestions that its financial standing could undermine its core mandate. “If you look at what has been put there, it gives you a strong sense that the Central Bank is still functioning as expected,” he assured.
Source: Apexnewsgh.com