Political faction in Parliament defending Bank of Ghana's financial losses as stabilisation costs amid oversight disputes.
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Joy Online
… The Majority maintains that while the losses appear significant, they are the result of necessary actions taken by the central bank to support macroeconomic stability during a challenging period.
Bank of Ghana expected to post GH¢15.6bn loss for 2025 financial yearThe 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.
17 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.
17 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 →