Ghanaian News, Canada
The Bank of Ghana (BoG) has defended its financial position, insisting it remains operationally capable despite reporting a GH¢15.6 billion loss and negative equity levels.
The central bank explained that it remains “policy solvent”, meaning it can still execute monetary policy effectively without external emergency funding.
It stated that its operations are supported by income from liquidity management tools.
“It argued that recent economic developments will require continued intervention… but stressed that it still has the capacity to finance them internally.”
BoG also projected improved conditions between 2026 and 2030, citing expected macroeconomic stability.
“These conditions… are expected to progressively improve the Bank’s net interest income…”
On recapitalisation, it confirmed government support.
“A phased recapitalisation programme has been agreed between the Bank and the Ministry of Finance.”
Commentary
While technically solvent, the widening equity gap raises long-term concerns about central bank balance sheet strength and credibility.
