… The auditors, KPMG, in their commentary on the Bank’s 2025 financial statements, recommended that the BoG clearly explained the basis for preparing its accounts, particularly as the law governing the Bank permitted the use of accounting practices that differ from international st …
… It explained that the auditors, KPMG, issued an unmodified opinion on the accounts and that the reference to an “Emphasis of Matter” did not indicate any wrongdoing or qualification. …
… The report, which synthesises forecasts from the International Monetary Fund (IMF), World Bank, Ghana Statistical Service (GSS), Deloitte, PwC and KPMG, arrives as the country navigates the final phase of its three-year IMF Extended Credit Facility programme… now extended to mid- …
… The Bank obtained a one-month extension, partly on the grounds that it had changed auditors – from Deloitte to KPMG – who needed time to come to terms with the books. …
… The Bank obtained a one-month extension, partly on the grounds that it had changed auditors – from Deloitte to KPMG – who needed time to come to terms with the books. …
Access Bank (Ghana) Plc reported a record balance sheet of GH¢19.02 billion for 2025, up 14.9% year-on-year, supported by deposit growth of 11.5% to GH¢14.54 billion and loan book expansion of 36.7% to GH¢5.06 billion. The bank is now prioritizing disciplined earnings growth, operating efficiency, and risk-adjusted returns through a three-pillar strategy of Grow, Transform, and Protect.
Access Bank (Ghana) Plc reported a record balance sheet of GH¢19.02 billion for 2025, up 14.9% year-on-year, supported by deposit growth of 11.5% to GH¢14.54 billion and loan book expansion of 36.7% to GH¢5.06 billion. The bank is now prioritizing disciplined earnings growth, operating efficiency, and risk-adjusted returns through a three-pillar strategy of Grow, Transform, and Protect.
Access Bank (Ghana) reported a record balance sheet of GH¢19.02 billion for 2025, a 14.9% year-on-year increase driven by deposit growth, expanded lending, and retained earnings. The bank is now shifting focus from balance sheet expansion to disciplined earnings growth, operational efficiency, and risk-adjusted returns.
President Bola Ahmed Tinubu swore in Joseph Tegbe as Minister of Power and Sola Enikanolaiye as Minister of State for Foreign Affairs on Monday, following the resignations of their predecessors Adebayo Adelabu and Yusuf Tuggar. Tegbe holds degrees in civil engineering and business administration, and has over 35 years of experience in fiscal and economic reform.
Stanbic Bank Ghana held a two-day SME Clinic in Tamale themed "From Survival to Scale: Building SMEs that Endure," calling on small and medium enterprises to move beyond survival-driven operations and adopt structured business practices for long-term sustainability. The bank's Head of Business and Commercial Banking noted that while SMEs account for over 90 percent of businesses in Ghana and contribute about 70 percent of GDP and nearly 85 percent of employment, many remain constrained by weak internal systems and limited access to knowledge.
The UK's economy grew 0.3% in March, exceeding analyst expectations of contraction, as consumers and businesses brought forward spending due to fears of future price rises from the Iran conflict. First-quarter growth reached 0.6%, the fastest quarterly pace in a year and the highest among G7 countries reporting data.
The Bank of Ghana's 2025 audited financial statements show it spent GH¢16.73 billion in a single year paying interest to commercial banks on liquidity-absorption instruments—nearly double the 2024 amount and the central bank's single biggest structural cost burden.
The opposition NPP and governing NDC are locked in dispute over the 2025 Bank of Ghana audited financial statements, with disagreement over whether losses should be counted as GH¢15.6 billion (the operating loss, as the government maintains) or GH¢34.9 billion (combining the operating loss with GH¢19.32 billion in Other Comprehensive Income, as the Minority argues).
Ofoase Ayirebi MP Kojo Oppong Nkrumah has criticised Sammy Gyamfi's comments on Bank of Ghana financial losses, arguing that the central bank's net equity declined by GH¢34.9 billion, not the GH¢15 billion figure Gyamfi highlighted. Oppong Nkrumah contends that separating the Bank's operating loss from its total comprehensive loss does not alter the overall impact on the country's finances.
Ghana's recent economic stabilization—marked by single-digit inflation, cedi appreciation, and rebuilt reserves—represents "borrowed calm" financed by instruments and commitments whose sustainability is questionable, according to an analysis that questions whether the recovery is durable despite acknowledging genuine improvements since the 2022–2023 crisis.
The Minority Caucus in Parliament released an analysis of the Bank of Ghana's 2025 audited financial statements, arguing that bad policy decisions significantly worsened the central bank's financial position, partly contributing to an estimated underlying loss of about GH¢44 billion. Although the BoG officially reported a headline loss of GH¢15.6 billion, the Minority argues this figure understates the true economic cost when additional losses in Other Comprehensive Income and one-off gains from gold sales are adjusted for.
KPMG auditors have recommended that the Bank of Ghana fast-track financial sector reforms and enhance clarity in its financial reporting to strengthen transparency and public confidence. They also called for greater caution in managing credit risks and urged the Bank and Government to adhere to agreed recapitalization roadmaps while maintaining transparency about the BoG's negative equity position.
The Bank of Ghana has rejected claims by the NPP Minority Caucus about its 2025 audited accounts, describing them as misleading and a misinterpretation of reserve management. The BoG stated that the GH¢9.6 billion gain from gold sales was legitimate and standard practice for central banks, and that removing this gain to construct a deficit was artificial and inconsistent with accounting frameworks.
A new report by the Chamber of Commerce and Industry France and Ipsos forecasts Ghana's real GDP growth between 4.6 and 5.9 percent by year-end 2026, as the economy shifts from crisis management toward stabilization and recovery. The forecast depends on fiscal discipline and completion of debt-restructuring efforts, with inflation expected to stabilize within a 6 to 10 percent target band.
The Bank of Ghana published audited 2025 financial statements on 1 May 2026, showing a net loss of $1.25 billion and total comprehensive losses of $2.80 billion; cumulative negative equity reached approximately $9 billion, widening from $3.99 billion the previous year.
The Bank of Ghana published its audited 2025 financial statements on 1 May, revealing a net loss of $1.25 billion and total comprehensive losses of $2.80 billion, with cumulative negative equity reaching approximately $9 billion, widening from $3.99 billion a year earlier.
The Bank of Ghana's operating loss for 2025 reached GH¢15.6 billion, up from GH¢9.4 billion in 2024, driven by surging costs of monetary policy operations including Open Market Operations that rose 95% to GH¢16.7 billion, sterilisation liabilities that jumped 186%, and a GH¢23.6 billion revaluation loss triggered by cedi appreciation. Negative equity worsened to GH¢93.82 billion from GH¢58.62 billion, while the Domestic Debt Exchange Programme reduced returns on government securities by an estimated GH¢12 billion.