Accra: The Bank of Ghana (BoG) has reported a wider operating loss for the 2025 financial year, underscoring the ongoing cost of efforts to keep inflation in check. The Central Bank posted a loss of GHS15.6 billion, compared to GHS9.48 billion recorded in 2024. This continues a run of losses over the past four years, after the bank recorded GHS60.9 billion in 2022 and GHS10.5 billion in 2023.
According to Ghana Web, details contained in its 2025 Annual Report and Financial Statements for the year ended December 31 show that the outcome is largely linked to the cost of its tight monetary policy stance. Even so, the bank's total operating income climbed to GHS22.23 billion, supported by stronger reserve management returns, increased fee income, and proceeds from bullion gold sales. However, the rise in income was not enough to offset mounting costs.
Expenditure on Open Market Operations (OMOs) jumped to GHS16.73 billion in 2025, up sharply from GHS8.59 billion the previous year, as the Bank intensified liquidity management measures. Much of this amount went into interest payments to commercial banks that invested in OMO instruments.
The Bank also absorbed significant market-related losses, including GHS9.05 billion from gold transactions and GHS5.47 billion from foreign exchange revaluation and exchange rate movements. Despite the pressures, the BoG still recorded a positive policy solvency margin of GHS5.5 billion, suggesting that its core operations remain capable of supporting its liquidity management activities.