Audio By Carbonatix
In the early hours of May 1, 2026, the Bank of Ghana released its 2025 financial statements, hours after the NDC Majority Caucus preempted the release by publicly disclosing portions of the accounts in a press briefing on April 30, 2026.
Following the release, JoyNews Research Analyst, Caleb Ziblim, reviewed the statements and produced a preliminary analysis explaining how the Bank’s sale of nearly half of Ghana’s gold reserves in November and December 2025 significantly reduced the loss position.
Without the roughly ¢9.5 billion profit from the gold sale, the Bank’s losses could likely have exceeded ¢25 billion, further weakening its balance sheet and deepening concerns about its ability to sustainably absorb the cost of open market operations.
The analysis also points to what appears to be a frontloading of stabilization and intervention costs into the 2025 financial year, potentially creating some room for the central bank to stabilize its books in subsequent years.
Watch Caleb break down the numbers:
Latest Stories
-
Isak nets winner as Liverpool edge Bournemouth
19 minutes -
I dare gov’t of Ghana to extradite me; they can never do it – ‘Ghana Jollof’ speaks
21 minutes -
Semenyo scores twice as Manchester City beat Sunderland 5-3 in eight-goal thriller
30 minutes -
Parliament calls for government-private sector collaboration to improve waste management
33 minutes -
Volta Region described as cleanest so far in Parliament’s nationwide sanitation monitoring
43 minutes -
Parliament urges MMDAs to enforce sanitation bylaws to curb indiscriminate waste disposal
47 minutes -
Mohammed Kudus drops out of Ghana squad for AFCON 2027 qualifiers against Côte d’Ivoire and Gambia
1 hour -
Africa World Airlines unveils first Embraer E190 as part of 10-aircraft fleet expansion
3 hours -
Civilian hospitalised after alleged machete attack by prison officers, inmates
3 hours -
Toobu rejects calls to recall Parliament over 3.9-tonne cocaine shipment
3 hours -
Residents in 5 Northern Regions warned of approaching rainstorm
4 hours -
Constituency Games still a work in progress – Sports Minister
4 hours -
Team Ghana set for historic Karting Africa Showrun in Angola
4 hours -
52-year-old South African arrested with suspected heroin after arriving from Accra
4 hours -
Shatta Wale challenges UPSA students to build entrepreneurial mindsets
5 hours