The Bank of Ghana has recorded a significant net loss of GH¢15.6 billion in 2025, a substantial increase from the GH¢9.4 billion loss posted in 2024. According to #JoyNews, this widening loss is attributed to the high cost of stabilizing the economy, including aggressive monetary tightening and reserve accumulation efforts.
The central bank’s financial woes are largely driven by the cost of fighting inflation, with liquidity sterilization operations nearly doubling in expense to GH¢16.7 billion in 2025. However, this effort has yielded positive results, with inflation dropping sharply by 18 percentage points, enhancing price stability and easing pressure on households and businesses.
Atta Issah, a member of the Finance Committee, defended the central bank’s position, emphasizing that its mandate is not profit-driven. “The bank reported a net cost or loss for 2025 of GH¢15.6 billion compared to a loss of GH¢9.6 billion in 2024. It is not and was never intended to be a profit-maximization institution,” he stated.
The Bank of Ghana’s gold accumulation program has also contributed to the loss, with a GH¢9 billion accounting cost in 2025. However, this initiative has boosted Ghana’s gold holdings to approximately 111 tonnes, strengthening the country’s reserve buffer and reducing reliance on external borrowing.
Despite the significant loss, the central bank’s efforts have yielded positive economic indicators, including a stronger cedi and improved reserve buffers. The challenge ahead lies in rebuilding the central bank’s balance sheet while maintaining macroeconomic stability.
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Source: Stella Sunu
