Think Tank Demands IMF Clarity on GHS 15.6 Billion Bank of Ghana Loss

The Institute of Economic Research and Public Policy (IERPP) is calling for transparency from the International Monetary Fund (IMF). The think tank wants the IMF to explain the Bank of Ghana's (BoG) GHS 15.6 billion loss recorded in 2025. The BoG released its audited financial statements last week. These statements revealed the central bank's substantial deficit.

Ghana is currently part of an IMF program. This program aims to improve the country's economy. The IERPP believes the IMF should provide accountability for the events at the central bank. They are asking if such large losses are typical under IMF-supported programs. They also want to know the specific reasons for Ghana's situation in 2025.

This situation touches on Ghana's broader economic health. Large central bank losses can weaken a nation's finances. They can also affect confidence in the currency. Ghana has faced economic challenges before. These included the banking sector clean-up and the COVID-19 pandemic. The IERPP notes that these major events did not happen in 2025. This makes the recent loss more concerning.

The IERPP stated, "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." They emphasized that Ghanaians deserve clear answers. The think tank highlighted that accountability is crucial for sustainable economic stability.

The IERPP's questions point to potential issues for future economic policy. The IMF's response will be closely watched. The public will also look for clarity on the BoG's financial management. Decisions about recapitalisation and reforms will likely be debated more intensely. This situation could impact investor confidence in Ghana's economy.