The Minority in Parliament has renewed calls for major reforms at the Bank of Ghana following the central bank’s reported GH¢44 billion operating loss for the 2025 financial year.
Speaking at a press briefing on Sunday, Minority spokespersons criticized the leadership of the central bank as well as the governing Majority for allegedly ignoring warning signs raised as far back as 2023.
According to the Minority, concerns about the financial health of the Bank of Ghana were previously highlighted when the bank recorded a GH¢13 billion loss in 2023, a situation they then described as “near policy insolvency.” They argue that the latest GH¢44 billion loss now points to what they call “actual policy insolvency.”
The opposition further stated that earlier calls for the resignation of Governor Ernest Addison were dismissed, despite what they describe as worsening financial conditions at the central bank.
“There is no triumph in being right when your country is bleeding,” a Minority representative stated, adding that the current situation could have been prevented if parliamentary inquiries into the bank’s operations had been allowed when concerns were first raised.
The Minority also criticized the National Democratic Congress, urging the party to remain consistent with promises made while seeking political power.
According to the spokesperson, recent sterilization measures introduced by the central bank since January 2026 have already surpassed previous interventions.
“Their actions show clearly that their words cannot be taken seriously. What is required are reforms — reforms that will ensure accountability,” the spokesperson added.
The Minority emphasized its commitment to defending Ghana’s institutional framework, particularly provisions under Section 58 of the Bank of Ghana Act, which they say must be upheld to prevent further institutional decline.
The Bank of Ghana has not yet officially responded to the latest claims but has previously attributed its financial losses to global economic pressures and the impact of domestic debt restructuring measures.
