Accra: Economic think tank IERPP has called on the International Monetary Fund (IMF) to come clean on the Bank of Ghana's 2025 losses. The Bank of Ghana last week released its audited Financial Statements for 2025, and in it, the Central Bank registered a staggering loss of GHC 15.6 billion Cedis.
According to Ghana Web, the IERPP has raised questions over the IMF's oversight role and called on the IMF to come clean on the Bank of Ghana situation. "Given that Ghana is currently under a programme with the International Monetary Fund (IMF), it is reasonable to expect some level of accountability from the Fund regarding developments at the Central Bank during this period," the statement noted.
The IERPP stressed the necessity for clarity on the IMF's role, if any, in these losses, especially since they occurred under an IMF-supported programme. "At the heart of the matter are critical questions that both the IMF and the Bank of Ghana must address," the think tank added.
Among the questions raised by the IERPP are whether IMF-supported programmes aimed at restoring macroeconomic stability typically result in significant central bank losses in other countries, and if so, under what conditions these losses occur. The think tank also questioned why such losses happened in Ghana in 2025, a year without a major crisis like the banking sector clean-up or the COVID-19 pandemic.
Additionally, the IERPP inquired about the accountability mechanisms that exist for central banks when policy decisions lead to substantial financial losses. "Ghanaians deserve clear, consistent, and honest answers. Without accountability, the very stability being defended risks becoming unsustainable," the IERPP concluded.