Also known as: Mr Issah · Sagnarigu MP · Attah Issah
Sagnarigu MP and Finance Committee member defending Bank of Ghana's financial position amid 2025 losses.
Atta Issah, Sagnarigu MP and Finance Committee member, has defended the Bank of Ghana's GH¢96.3 billion negative equity and GH¢15.6 billion 2025 loss, arguing they reflect deliberate monetary stabilisation efforts rather than institutional failure. He cited structural improvements—including lower inflation and reduced policy rates—as factors expected to reduce future financial pressures on the central bank.
Parliament's Majority Caucus has rejected Minority allegations that the Bank of Ghana manipulated accounts and concealed losses, arguing that the central bank's GH¢9.6 billion gain from gold sales is a legitimate and standard reserve management practice.
6 hours ago · The Chronicle →
Parliament's Majority Caucus has rejected Minority allegations that the Bank of Ghana manipulated accounts and concealed losses, arguing that the central bank's GH¢9.6 billion gain from gold sales is a legitimate and standard reserve management practice.
6 hours ago · The Chronicle →
Sagnarigu MP and Finance Committee member Attah Issah says the Bank of Ghana's negative equity position should not be read as policy insolvency, as the central bank's mandate is price stability and reserve management, not profit-making. He clarified that the GH¢96.3 billion negative equity is cumulative, comprised of GH¢61.3 billion from end-2024 plus GH¢35 billion from current-year losses and other comprehensive income.
10 hours ago · Joy Online →
Experts discussed recent audit findings on Bank of Ghana losses on Joy FM's Super Morning Show, with Joe Jackson defending the central bank's economic interventions, while Kojo Oppong Nkrumah criticised the bank's financial position and called for recapitalisation, and Atta Issah argued the bank's actions aligned with standard global practices.
20 hours ago · Joy Online →
The Majority in Parliament has pushed back against the Minority's criticism of the Bank of Ghana's rising losses, arguing that the 2025 increase to GH¢15.63 billion from GH¢9.49 billion in 2024 reflects deliberate policy actions for monetary stabilisation—including exchange rate revaluation and liquidity management—rather than operational deterioration or institutional collapse.
4 May 2026 · Joy Online →
Ghana Gold Board (GOLDBOD) reported a surplus of over GH¢5.4 billion in 2025 after assaying 103.8 metric tonnes of artisanal and small-scale gold and 101 metric tonnes of large-scale gold, but the same programme created a GH¢9.05 billion net loss at the Bank of Ghana, worsening the central bank's financial position.
4 May 2026 · Joy Online →
The Majority in Parliament has rejected the Minority's claim that the Bank of Ghana understated its 2025 financial loss, insisting the central bank's audited accounts were properly prepared. The Minority had alleged the actual loss was far higher when adding other comprehensive income or reversing gold sale gains, but the Majority says the audited loss of GH¢15.63 billion must be interpreted in line with established accounting standards.
4 May 2026 · Joy Online →
The Majority in Parliament has rejected the Minority's claim that the Bank of Ghana's GH¢14.61 billion paid to commercial banks in 2025 represented a transfer of public wealth, with an MP arguing that the payments were a monetary policy tool for stability rather than evidence of policy failure.
4 May 2026 · Joy Online →
Ghana's parliamentary Minority caucus has attacked the Bank of Ghana over its 2025 audited financial statements, declaring that the central bank's true financial condition has been deliberately obscured and accusing it of facing "policy insolvency." The Minority also criticized the Majority caucus for issuing a pre-release briefing on the anticipated losses, arguing it violated banking law.
3 May 2026 · Joy Online →
The CEO of the Ghana Gold Board downplayed concerns over the Bank of Ghana's 2025 losses of GH¢15.6 billion, saying they are not significant enough to warrant national alarm, while the opposition NPP described the losses as "a new low" and blamed policy missteps.
2 May 2026 · Joy Online →
The Majority in Parliament said the Bank of Ghana's projected 2025 loss of about GH¢15.7 billion represents a peak, with Atta Issah citing structural changes—including lower inflation (3.2 percent), reduced policy rates (14 percent in March 2026), and reforms in gold procurement and fiscal coordination—as factors that will significantly reduce future financial pressures on the central bank.
30 April 2026 · Joy Online →