Do not buy the propaganda that the loss BoG made is only GHc15.63 billion. It is more than that. Adding the loss in Other Comptehensive Income (OCI) of GHC19.32 billion gives a total loss of GHC34.95 billion. This explains why the negative equity deteriorated from GHC58.62 billion in 2024 to GHC93.82 billion in 2025.
This is the true loss made by the BoG. And this is even after reflecting income from gold sales. So excluding the income from gold sales of GHC9.57 billion, the total loss would have been GHC44. 52 billion.
Why is it important to exclude income from 18 tons of gold sales? Because that is not operations, it was clearly accounting gimmick to hide the policy insolvency of the Bank.
This is way beyond the Majority propaganda by announcing operating loss of GHc15.6 billion. They quietly pushed away the huge loss of GHC19.32 billion sitting in OCI. Just note that in 2024 there was a gain of GHC13.5 billion in OCI and not a loss.
God save Ghana.
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