Also known as: Dr Gideon Boako · Dr. Gideon Boako · Dr. Boako · Dr Boako · Mr Boako
MP for Tano North and Finance Committee member who critiques Bank of Ghana losses and monetary policy.
Verbatim sentences from the source article.
Joy Online
… Gideon Boako has said. 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. …
Politically motivated policy choices drove BoG’s 2025 losses – Gideon BoakoJoy Online
The Bank of Ghana’s 2025 operational loss has been described as a ”new low” in its recent history by the Tano North MP, Dr Gideon Boako. …
Bank of Ghana’s GHS 15.6bn operational loss is a new low – Gideon BoakoGideon Boako, MP for Tano North and Deputy Ranking Member on Parliament's Finance Committee, has claimed that bank charges in Ghana are expected to increase from June 4, based on ongoing financial and regulatory adjustments within the banking sector.
22 May 2026 · Joy Online →
Gideon Boako, MP for Tano North and Deputy Ranking Member on Parliament's Finance Committee, has claimed that bank charges in Ghana are expected to increase from June 4, based on ongoing financial and regulatory adjustments within the banking sector.
22 May 2026 · Joy Online →
Dr. Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, has cautioned that commercial banks may begin rejecting certain foreign exchange deposits starting next month, and advised individuals holding foreign currency to deposit them without delay. He attributed the anticipated development to recent policy shifts and adjustments to the Bank of Ghana's cash reserve requirements, though he did not specify which categories of deposits would be affected or cite a formal directive.
21 May 2026 · The Chronicle →
Dr. Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, has cautioned that commercial banks may soon reject certain foreign exchange deposits and urged individuals holding dollars to deposit them before possible restrictions take effect, citing broader financial sector challenges linked to the Bank of Ghana's revision of the cash reserve ratio on foreign deposits.
21 May 2026 · Joy Online →
Dr Gideon Boako, Ranking Member on Parliament's Finance Committee, says the Bank of Ghana's recent adjustments to the Cash Reserve Ratio vindicate his earlier warning that the central bank's audited financial statements would show significant losses driven by monetary policy changes. He argues the reversal of parts of the CRR framework strengthens his position that policy revisions, rather than "cost of stability," caused the losses.
21 May 2026 · Joy Online →
Dr Gideon Boako, Ranking Member on Parliament's Finance Committee, attributed the Bank of Ghana's reported financial losses to policy decisions on the Cash Reserve Ratio, particularly changes affecting foreign currency deposits, rather than to what has been described as the "cost of stability."
21 May 2026 · Joy Online →
Tano North MP Dr Gideon Boako has called for accountability and a clear policy direction on sanitation, describing Ghana's current state as deteriorating and attributing the crisis to a leadership vacuum in the sector following the government's decision not to renew Zoomlion Ghana Limited's contract.
12 May 2026 · Joy Online →
Former Information Minister Kojo Oppong Nkrumah has been named Chairman of the Policy Committee of the opposition NPP as part of the party's restructuring following the 2024 general elections. The appointment was announced by party General Secretary Justin Kodua Frimpong after a National Executive Committee and National Council meeting on May 7, 2026.
8 May 2026 · Joy Online →
Tano North MP Dr Gideon Boako has accused the Bank of Ghana of using accounting adjustments, particularly gold sales proceeds, to avoid appearing insolvent in its 2025 financial statements. He argues that one-off gains from asset sales distort the financial picture and should not be treated as recurring revenue.
7 May 2026 · Joy Online →
The Minority in Parliament says its concerns about the Bank of Ghana's financial losses—which reached GH¢15.6 billion in 2025 and have accumulated over four consecutive years—reflect a need to protect economic stability rather than score political points. The Minority's concerns focus on negative equity, solvency questions, and accounting methods used in the central bank's financial statements.
7 May 2026 · Joy Online →
Dr. Gideon Boako, a Member of Parliament on the Finance Committee, says the Bank of Ghana's reported GH¢15.6 billion operating loss for 2025 is unacceptable, arguing that economic stability should not come at such a high financial cost to the Central Bank, despite evidence of recent macroeconomic gains.
4 May 2026 · Daily Guide →
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.
2 May 2026 · Joy Online →
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.
2 May 2026 · Joy Online →
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.
2 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 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 →
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 →
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 →
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 →
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 →
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 →
MP Dr. Gideon Boako attributed the Bank of Ghana's operational loss of GHS 15.6 billion in 2025—the second highest since the Cedi's 2008 redenomination—to politically motivated policy choices rather than external crisis, noting the loss reversed improvements seen in 2024.
1 May 2026 · Joy Online →
The Bank of Ghana registered an operational loss of GHS 15.6 billion in 2025, the second highest since the Cedi's redenomination in 2008 and worse than the 2024 loss of GHS 9.49 billion. Tano North MP Dr Gideon Boako described the loss in a non-crisis year as "most damning," noting that 2024's performance had suggested the institution was stabilizing.
1 May 2026 · Joy Online →