Name: You don't need to incur huge losses to stabilise the cedi - Dr. Gideon Boako | Newsfile
Uploaded: 2026-05-02T06:15:42-07:00
Duration: 25 min 31 s
Description: You don't need to incur huge losses to stabilise the cedi - Dr. Gideon Boako | Newsfile ...

Audio By Carbonatix

Following the Bank of Ghana's revelation in its 2025 Financial Statement released on May 1, 2026, that it posted a loss of GH¢15.6 billion, the Member of Parliament for Tano North and member of Parliament's Finance Committee, Dr Gideon Boako, has criticised managers of the central bank.

The loss is said to be the second biggest by the central Bank, after the bank recorded its highest loss of GH¢60.9 billion in 2022.

Dr Boako described the loss as "a new low" and attributed it to "policy failure."

"The 2025 Bank of Ghana financials mark a new low, one that cannot be explained away with the usual political noise as we have seen by the majority’s press conference.”

Among other things, Dr Boako believes that loss is more than the GH¢15.6 billion announced by the central bank. He explains why in the video below.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Tags:

BoG losses

Gideon Boako