Author: Krobea

The Bank of Ghana’s 2025 financial statements confirm an operating loss of GH¢34.9 billion for the year (inclusive of other comprehensive income losses), compared with GH¢9.49 billion in 2024. These figures raise serious questions about the Central Bank’s explanation that the losses represent “the cost of maintaining economic stability.” Stability is important, but it cannot become a blanket justification for large financial losses without clear explanation. The central question is simple: could the same macroeconomic gains have been achieved at a lower cost? This concern is heightened by recent trends. The Bank had previously been narrowing its losses, while inflation…

Vice President Professor Naana Jane Opoku-Agyemang has extended best wishes to all students writing the 2026 Basic Education Certificate Examination (BECE), urging them to approach the exercise with confidence, honesty, and determination. In a statement issued on Monday, May 4, by the Office of the Vice President, Prof. Opoku-Agyemang expressed confidence that all candidates would give off their very best, having invested years of effort, discipline, and preparation toward the milestone examination. “She encourages all candidates to approach the examination with confidence, honesty and determination,” the statement signed by Press Secretary and Spokesperson Ama Pratt read. The Vice President also…

The Bureau of National Investigations (BNI) has arrested four persons following investigations regarding the erstwhile Power Distribution Service (PDS). The investigations, said to have been unearthed by Operation Recover All Loots (ORAL), are in connection with the transfer of large sums of money believed to belong to the Electricity Company of Ghana (ECG). The investigations reached a peak last week as the recent crisis of ECG also peaked. The four are Philip Ayensu, Viraj Phat, Sophia Korkor and Justice Menka-Premoh. “The quartet have since been given bail pending further investigations,” a short notice on Monday, May 4 announced.

The Electricity Company of Ghana (ECG) has announced that power will be disrupted for customers within the Kumasi Ridge enclave fue to ongoing works under the Transformer Replacement and Upgrade Programme. This programme across the country has seen power shed per schedule in communities such as Adenta, Nmai Dzorm, Lashibi, and Teshie-Nungua. “The programme aims to improve power supply reliability and reduce system overloads within the network,” ECG said on Sunday in a statement issued by the General Manager of External Communications, Dr Charles Nii Ayiku Ayiku. On the exercise in the Ashanti Region, ECG noted that it will require…

President John Dramani Mahama has arrived in Libreville, Gabon to attend the Libreville international forum. The forum will mainly focus on innovation and technology, economic development in Gabon and Africa, improving business climate to attract investors and building partnerships between governments, companies, and international organizations. It is expected to gather heads of state, government officials, investors, business leaders, technology experts and international institutions. About 1,000 participants from around 35 countries are also expected to attend the forum. Some planned activities include high-level panel discussions, talks on digital transformation and AI, investment promotion sessions, business-to-business meetings and government-to-business discussions. The Gabonese…

New Patriotic Party (NPP) National Chairman aspirant Boakye Agyarko has paid a courtesy call on former Vice President of Ghana Dr Mahamudu Bawumia as part of efforts ahead of his bid for the position of National Chairman of the party. The meeting, held on May Day, provided an opportunity for Boakye Agyarko to commend Dr Bawumia for what he described as his dedicated service to both the NPP and Ghana. The engagement also focused on the future of the party and preparations towards the 2028 general elections. During the discussions, Boakye Agyarko, accompanied by members of his campaign team, formally…

The Bank of Ghana’s 2025 operational loss has been described as a ”new low” in its recent history. In its 2025 Financial Statement published on May 1, 2026, the Bank of Ghana registered a huge operational loss of GH¢15.6 billion, which is the second highest loss by the Bank since the Cedi was redenominated in 2008. The 2025 loss, surprisingly, also surpassed the 2024 loss, which was seen as a positive outlook from the 2022 global economic crisis which hit the Bank of Ghana and other central banks around the world. With 2025 described as a non-crisis year, analyst have…

Dr Gideon Boako, the Member of Parliament for Tano North, has alleged that the Bank of Ghana’s liquidity management operations in 2025 effectively transferred public resources to commercial banks. In a statement reacting to the Bank’s 2025 financial statements, Dr Boako argued that the central bank’s handling of Open Market Operations (OMO) contributed significantly to its heavy losses while commercial banks recorded strong profits. “BoG booked the losses, commercial banks booked the profits,” he stated. According to him, the Bank’s OMO costs rose sharply from GH¢8.2 billion in 2024 to GH¢16.73 billion in 2025 after it abandoned the dynamic Cash…

The Member of Parliament for Tano North and Member of Parliament’s Finance Committee, Dr. Gideon Boako, has slammed the Bank of Ghana for its huge 2025 operational loss. In its 2025 Financial Statement released today (May 1, 2026), the Central Bank posted a huge loss of GHS 15.6 billion, the second biggest by the central Bank since 2008. Reacting to the huge operational loss, Dr. Boako, who had predicted the BoG’s loss a few months ago, described the loss as “a new low” and attributed it to “policy failure.” “The 2025 Bank of Ghana financials mark a new low, one…

The Bank of Ghana’s 2025 operational loss was driven by politically motivated policy choices, rather than stability, Member of Parliament for Tano North and Member of Parliament’s Finance Committee, Dr. Gideon Boako has said. Dr Boako, who has extensively discussed the financial situation of the Central Bank for months, predicted the huge loss, which the Central Bank confirmed in its Financial Statement released today, May 1, 2026. The Bank of Ghana registered a huge operational loss of GH¢15.6 billion, which is the second highest loss by the Bank since the Cedi was redenominated in 2008. Dr. Boako has expressed shock…