Audio By Carbonatix
The release of the Bank of Ghana’s financial statements on May 1, 2026, has sparked interesting debate, particularly regarding the GH¢15.6 billion operating loss reported by the central bank. However, a careful review of the figures shows that the reported loss can indeed be described as the actual figure.
On page 15, the Consolidated and Separate Statements of Profit or Loss for the year ended December 31, 2025, clearly stated the operating loss of GH¢15.6 billion, with the proviso that "the notes on pages 24 to 132 form an integral part of these financial statements".
On page 16, the Consolidated and Separate Statements of Other Comprehensive Income for the year ended December 31, 2025, also disclosed the Other Comprehensive Income figure and the Total Comprehensive Income figure.
Again, in an official Questions and Answers document issued by the bank on its financial statements, the first question referenced both the operating loss and the OCI loss.
Under International Financial Reporting Standards, a "loss" extends beyond day-to-day operations. It includes comprehensive income, capturing exchange rate movements, bond revaluations, and wider economic shocks.
In simple terms, operating performance reflects how the bank is managing its core activities, while comprehensive income reflects the broader impact of economic conditions on its balance sheet. Not all losses are created equal.
Some reflect operational performance, while others reflect prevailing economic conditions. Yes, part of the loss is operational, but a significant portion is non-cash and driven by the appreciation of the cedi by more than 40 per cent during the review year.
Verdict: The claim that the Bank of Ghana reported a lower loss figure to hide losses is FALSE.
Latest Stories
-
FIDA Ghana petitions Parliament to fast-track Property Rights of Spouses Bill
8 minutes -
Hantavirus Outbreak: Ghana Health Service heightens surveillance
28 minutes -
Eastern Regional NSA PRO laments poor conditions of service
36 minutes -
Newsfile to discuss Charles Amissah’s death, PDS, NAFCO arrests, and press freedom under Mahama
53 minutes -
GRASAG backs Rent Control over hostel price hikes, calls for urgent gov’t intervention
1 hour -
Man Utd’s Bruno Fernandes wins Football Writers’ men’s award
2 hours -
Did the Bank of Ghana hide any losses?
2 hours -
Medicine Society calls for fair process, cautions against blaming health workers in Amissah death report
2 hours -
We remain committed to maintaining fiscal discipline to fast track BoG’s recovery – Seth Terkper
2 hours -
The Brotherhood: Panel exposes major red flags in male friendships
3 hours -
The Cost of Stabilising Ghana: Why the Bank of Ghana’s 2025 losses may be the price of macroeconomic recovery
3 hours -
Gold Fields, Ghana FA sign $5 million two-year sponsorship deal
3 hours -
From Blogging to Production: The growth of Alexander Fifi Abaka in Ghana’s media space
3 hours -
Abdul Rasheed Saminu, Azamati lead Ghana squad for African Athletics Championships
3 hours -
An encounter with Nana Addo brought me back to Ghana – Dr Osei Adutwum reveals
3 hours