Accra: Former Finance Minister and Ranking Member on Parliament's Finance Committee, Dr Mohammed Amin Adam, has petitioned the International Monetary Fund (IMF) over concerns arising from the Bank of Ghana's audited 2025 financial statements, warning of what he describes as 'material implications' for Ghana's macroeconomic stability and fiscal outlook.
According to Ghana Web, in a detailed letter to the IMF Ghana Mission Chief under the Extended Credit Facility (ECF) programme in Washington, DC, Dr Amin Adam emphasized the need for the Fund to pay closer attention to safeguarding the gains made under the programme. He acknowledged the IMF's support but stressed the importance of ensuring these advancements are durable as Ghana exits the programme.
Dr Amin Adam expressed his concerns regarding a "worsening negative equity position at the central bank," highlighting figures that indicated an increase from GHS58.62 billion in 2024 to GHS93.82 billion in 2025 for the group, and from GHS61.32 billion to GHS96.28 billion for the Bank of Ghana itself. He noted that this situation reflects a lack of substantial balance sheet repair.
He further pointed out the rising losses and monetary policy costs, revealing that the Bank of Ghana recorded a loss of GHS15.63 billion in 2025, compared with GHS9.49 billion in 2024. This increase was largely driven by high open market operation expenses and other financial pressures, which he warned could have spillover effects on government finances and debt sustainability.
Dr Amin Adam urged the IMF to enhance post-programme surveillance and ensure full transparency in central bank operations. He insisted that the sustainability of the progress made will depend on whether fiscal consolidation is supported by transparent recognition of all public-sector obligations.