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Sunday, 3 May 2026
Ghana’s news, on the hour · Est. 2026
Sunday, 3 May 2026
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Person

Gideon Boako

Also known as: Dr Gideon Boako · Dr. Gideon Boako · Dr. Boako · Tano North MP · Dr Boako · Boako · The Member of Parliament for Tano North

Member of Parliament for Tano North and Finance Committee member criticizing Bank of Ghana's 2025 losses and illegal mining in his constituency.

Politics

Tano North MP accuses officials of shielding illegal mining operators

The News

The Member of Parliament for Tano North, Dr Gideon Boako, has expressed disappointment over escalating illegal mining and logging activities in his area, accusing government appointees of complicity and shielding perpetrators at the expense of the environment and public health. He noted that until 18 months ago the municipality was largely illegal mining-free, but has since seen a sudden influx of operations targeting forest reserves and the Tano River, a primary water source for thousands.

Why it matters

Tano North MP exposes alleged government complicity in illegal mining surge threatening water sources and environment.

20 hours ago · Joy Online →

Yesterday

  1. Tano North MP accuses officials of shielding illegal mining operators

    The Member of Parliament for Tano North, Dr Gideon Boako, has expressed disappointment over escalating illegal mining and logging activities in his area, accusing government appointees of complicity and shielding perpetrators at the expense of the environment and public health. He noted that until 18 months ago the municipality was largely illegal mining-free, but has since seen a sudden influx of operations targeting forest reserves and the Tano River, a primary water source for thousands.

    20 hours ago · Joy Online →

  2. Dr Boako questions Bank of Ghana's GH¢15.6bn loss

    Member of the Finance Committee of Parliament, Dr Gideon Boako, has questioned the scale of losses recorded by the Bank of Ghana, arguing that economic stability should not come at such a high financial cost. He cited 2017–2019 as a period when Ghana achieved growth, single-digit inflation, and fiscal improvement without significant central bank losses.

    21 hours ago · Joy Online →

  3. Dr Boako questions BoG's GH¢15.6bn loss figure for 2025

    Bank of Ghana's 2025 Financial Statement revealed a loss of GH¢15.6 billion, the second-largest loss after 2022's GH¢60.9 billion. Dr Gideon Boako, MP for Tano North and Finance Committee member, has criticised the central bank's management, describing the loss as "a new low" due to "policy failure" and contending the actual loss exceeds the announced figure.

    21 hours ago · Joy Online →

  4. Bank of Ghana losses not significant, says Gold Board CEO

    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.

    21 hours ago · Joy Online →

Friday 1 May

  1. Bank of Ghana's GH¢15.6 billion loss driven by political considerations

    The Bank of Ghana recorded a GH¢15.6 billion operational loss in 2025. MP Dr Gideon Boako attributed the loss to politically motivated policy choices by the Central Bank's new management, contrasting it with 2024 when operating losses had narrowed from GH¢13.23 billion to GH¢9.49 billion.

    1 May 2026 · Joy Online →

  2. MP challenges Bank of Ghana's reported 2025 loss figure

    Dr. Gideon Boako, an MP and member of Parliament's Finance Committee, contends that the Bank of Ghana's 2025 loss is substantially higher than the reported GH¢15.6 billion. According to Boako, when adding Other Comprehensive Income losses of GH¢19.32 billion, the total loss reaches GH¢34.95 billion; excluding gold sales income of GH¢9.57 billion yields a total loss of GH¢44.52 billion, which he argues represents the true operational loss.

    1 May 2026 · Joy Online →

  3. BoG's liquidity management transferred wealth to banks: MP

    Dr Gideon Boako, MP for Tano North, has alleged that the Bank of Ghana's Open Market Operations in 2025 transferred public resources to commercial banks, with OMO costs rising from GH¢8.2 billion in 2024 to GH¢16.73 billion in 2025 after abandoning the dynamic Cash Reserve Ratio mechanism. He described the practice as a wealth transfer from public to private balance sheets, and criticised the central bank's foreign exchange and gold operations as being conducted at structural loss.

    1 May 2026 · Joy Online →

  4. Boako questions IMF role over Bank of Ghana losses

    Tano North MP Dr Gideon Boako has questioned the IMF's role regarding the Bank of Ghana's mounting financial losses, arguing that the Fund has failed to address unsustainable quasi-fiscal operations while continuing to endorse the Bank's foreign exchange intermediation framework. Boako called for a "policy-discipline partnership" with the IMF rather than "crisis-management partnership," and accused the Bank of Ghana of becoming politicised with policy choices driven by "optics over solvency."

    1 May 2026 · Joy Online →

  5. Bank of Ghana posts GHS 15.6 billion loss in 2025

    The Bank of Ghana reported a GHS 15.6 billion operational loss in 2025, its second largest since 2008. Dr. Gideon Boako, MP for Tano North and member of Parliament's Finance Committee, attributed the loss to policy failure, noting that 2025 was not a crisis year and the Central Bank had shown recovery progress in 2023 and 2024.

    1 May 2026 · Joy Online →

  6. Gideon Boako disputes official BoG loss figure of 15.63bn cedis

    Gideon Boako argues that the Bank of Ghana's true loss exceeds the reported GHc15.63 billion operating loss, contending that adding Other Comprehensive Income losses of GHC19.32 billion yields a total loss of GHC34.95 billion, or GHC44.52 billion when excluding gold sales income.

    1 May 2026 · The Chronicle →

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