Political faction in Parliament defending Bank of Ghana's financial losses as stabilisation costs amid oversight disputes.
Verbatim sentences from the source article.
Joy Online
… The comments come amid ongoing debate over parliamentary oversight of the central bank, with the Majority maintaining that the BoG must be allowed to operate independently while still being accountable to the Ghanaian public. …
Majority defends closed-door BoG meeting, says central bank must remain independentJoy Online
… Prof Bokpin argued that greater transparency would have served the interests of both the Bank of Ghana and the public. “The Majority should have allowed media coverage. …
Prof Bokpin criticises closed-door BoG briefing, says it undermines public confidenceJoy Online
The Member of Parliament for Tano North and Deputy Ranking Member on Parliament’s Finance Committee, Dr Gideon Boako, has accused the Majority in Parliament of preventing the public from hearing what he described as an important admission by the Governor of the Bank of Ghana rega …
BoG Governor’s GoldBod answers: Majority shielding public from ‘honest admission’ – Gideon BoakoJoy Online
Majority Leader Mahama Ayariga has accused the Minority in Parliament of prioritising publicity over accountability, saying their recent actions show they are “only interested in the media optics” rather than obtaining answers from government officials. …
Minority interested in media optics, not answers to questions from BoG Governor – MajorityJoy Online
… The Majority Leader himself realised that what he was doing was wrong. It’s the reason why we walked out. …
You can’t use parliamentary rules to suppress oversight – Afenyo-Markin tells First Deputy SpeakerJoy Online
… According to him, the clearest proof of government’s support for the OSP was the decision by President Mahama to stop an earlier attempt by members of the Majority in Parliament to scrap the office. …
Rule of law must prevail – Kwakye Ofosu defends gov’t position on OSP caseJoy Online
The Majority in Parliament has defended the Bank of Ghana’s (BoG) 2025 financial performance, arguing that the central bank’s reported losses are the result of deliberate policy actions to stabilise the economy rather than evidence of financial distress. …
Majority defends BoG losses, says they reflect cost of economic stabilisationJoy Online
The Majority in Parliament has strongly pushed back against the Minority’s claims that the Bank of Ghana (BoG) reversed a recovery path in 2025 due to new policy decisions. …
Majority caucus says BoG’s rising losses are cost of stabilisation, not collapseJoy Online
The Majority in Parliament has rejected the Minority’s claim that the Bank of Ghana (BoG) understated its 2025 financial loss. …
The numbers speak for themselves – Majority caucus fires back at Minority over BoG lossJoy Online
The Majority in Parliament has pushed back against the Minority’s claims that the Bank of Ghana (BoG)’s GH¢14.61 billion paid to commercial banks in 2025 constituted a transfer of public wealth to private banks. …
Majority caucus counters minority, says GH¢14.61bn was cost of stability, not BoG mismanagementThe Chairman of Parliament's Economy and Development Committee defended a closed-door meeting with Bank of Ghana Governor Dr Johnson Asiama, arguing that the central bank's independence requires a different approach from usual parliamentary oversight. He said Parliament is not hiding the BoG's operations, but the institution is independent despite government being a stakeholder.
16 hours ago · Joy Online →
The Chairman of Parliament's Economy and Development Committee defended a closed-door meeting with Bank of Ghana Governor Dr Johnson Asiama, arguing that the central bank's independence requires a different approach from usual parliamentary oversight. He said Parliament is not hiding the BoG's operations, but the institution is independent despite government being a stakeholder.
16 hours ago · Joy Online →
Economist Professor Godfred Bokpin has warned that Parliament's decision to hold a closed-door meeting with the Bank of Ghana Governor could erode public confidence in the central bank and democratic institutions. He argued that media coverage would have better served the public interest and accused the Majority of creating a setback for democracy.
17 hours ago · Joy Online →
Dr Gideon Boako, Member of Parliament for Tano North, has accused the Majority in Parliament of preventing the Bank of Ghana Governor from responding on camera to Minority questions about the Gold Purchase Programme's role in stabilising the cedi, claiming they sought to suppress the Governor's written acknowledgment of the programme's economic contribution.
15 July 2026 · Joy Online →
Majority Leader Mahama Ayariga has accused the Minority in Parliament of being "only interested in the media optics" rather than obtaining answers from government officials, citing their objection to closed-door questioning of the Bank of Ghana Governor. He argued that the Minority's insistence on media presence during such proceedings is inconsistent with how Parliament engages other independent constitutional office holders.
15 July 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin has accused First Deputy Speaker Bernard Ahiafor of using parliamentary procedures to frustrate the Minority's constitutional oversight role. The accusation follows a Minority walkout after the First Deputy Speaker disallowed a supplementary question about SIM card re-registration procurement processes, with Afenyo-Markin arguing that parliamentary rules should facilitate accountability rather than suppress it.
15 July 2026 · Joy Online →
Government spokesperson Felix Kwakye Ofosu rejected claims that the Mahama administration was secretly working to weaken or abolish the Office of the Special Prosecutor, citing President Mahama's intervention to stop a parliamentary bill to scrap the office as proof of government support.
20 May 2026 · Joy Online →
Parliament's Majority has defended the Bank of Ghana's 2025 losses—GH¢15.63 billion, up 65 per cent year-on-year—arguing that negative equity is an accounting condition reflecting deliberate policy actions to stabilise the economy rather than insolvency, and does not indicate financial distress.
5 May 2026 · 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 →
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 →
The Bank of Ghana is expected to report a net loss of GH¢15.6 billion for 2025, up from GH¢9.6 billion in 2024, marking the second-largest loss since 2008. A Finance Committee member defended the loss, stating the central bank's mandate is not profit-driven and the losses reflect broader economic stabilisation efforts.
30 April 2026 · Joy Online →