Accra: Member of Parliament for Tano North and Member of the Finance Committee of Parliament, Dr Gideon Boako, has termed Bank of Ghana's (BoG) 2025 operational loss as a "new low" in its recent history. In its 2025 Financial Statement, published on May 1, 2026, the Bank of Ghana registered a significant operational loss of GHS 15.6 billion, marking the second highest loss by the Central Bank since the Cedi was redenominated in 2008.
According to Ghana Web, the loss surpassed the 2024 figure, which had been regarded as a positive sign following the 2022 global economic crisis that affected the Bank of Ghana and other central banks worldwide. The year 2025, being described as a non-crisis year, has led analysts to express surprise at the Bank of Ghana's poor performance under new management and government compared to 2024.
Dr Gideon Boako, who had earlier analyzed the Bank's financial situation and predicted the impending loss, criticized the Central Bank for this development, highlighting that the huge loss was particularly concerning since 2025 was not a crisis year. He noted that the Bank's 2024 financial statements indicated a gradual recovery, with operating losses narrowing from GHS13.23 billion to GHS9.49 billion, and other financial markers showing improvement, only for the 2025 financial situation to deteriorate unexpectedly.
Dr Boako attributed the loss to politically motivated policy choices, which he identified as the key driver behind the substantial losses. He questioned why the Central Bank, which had been on a recovery path, suddenly experienced the largest non-crisis loss in its history.