Bank of Ghana Faces GHS93 Billion Negative Equity

The Bank of Ghana (BoG) reported a net deficit, or negative equity, of GHS93.82 billion in 2025. This figure rose from GHS58.62 billion in 2024. Former Deputy Finance Minister Abena Osei-Asare warns that this financial situation may burden Ghanaian taxpayers.

The BoG's annual losses also increased from GHS9.49 billion to GHS15.63 billion in 2025. Mrs. Osei-Asare, who chairs Parliament's Public Accounts Committee, stated that these growing losses cannot be ignored. The government has already committed to recapitalizing the central bank.

This financial challenge fits into Ghana's broader economic narrative of managing public debt and fiscal stability. High deficits at state institutions often strain the national budget. The government's plan to restore the BoG's capital over several years signals a significant fiscal commitment. This could impact other public spending priorities or require new revenue measures.

Mrs. Osei-Asare highlighted a crucial detail from the Bank of Ghana’s own financial report. She stated, “The BoG’s own 2025 accounts acknowledge Government’s obligation to restore the capital base through a phased recapitalisation programme from 2026 to 2032.” She emphasized that this means today's central bank losses could become tomorrow's cost for citizens.

The implications are clear: the cost of fixing the BoG’s financial position could fall directly on citizens. Decision-makers and markets will watch closely for transparency regarding the recapitalization plan. This includes any agreements, bond issuances, cash support, or debt write-offs involved. Parliamentary oversight of any plan using public funds is essential.

Mrs. Osei-Asare described the GHS93.82 billion negative equity as a serious warning sign. She believes this financial gap remains a national concern, even if the bank continues to operate. She has called for key parliamentary committees to summon BoG officials, the Finance Minister, and external auditors for explanations. Greater transparency is necessary for public accountability and to manage market expectations. Citizens deserve clarity on how this will impact them.