Kojo Oppong Nkrumah, Ranking Member of Parliament's Economy Committee, has urged the government to halt fiscal and monetary interventions he says are driving losses at the Bank of Ghana, citing the gold purchase programme's structure and sterilisation operations that have reached about US$19 billion this year as key concerns.
13 May 2026 · Joy Online →
Member of Parliament Kojo Oppong Nkrumah has warned that the Bank of Ghana faces severe financial stress with a negative capital position of about GH¢96 billion and a reported GH¢15.6 billion loss in the previous financial year, and requires immediate recapitalisation to restore stability. He expressed concern that recent improvements in the Bank's position rely on one-off transactions including gold sales rather than sustained operational performance.
13 May 2026 · Joy Online →
Member of Parliament Kojo Oppong Nkrumah has urged the Bank of Ghana to immediately adopt a clear, strategic, and time-bound recapitalisation plan to address the central bank's recent financial losses and prevent further deterioration that could threaten currency stability and broader economic confidence.
13 May 2026 · Joy Online →
The Minority in Parliament has clarified that it has not accused the Bank of Ghana of mismanagement, but rather has drawn attention to developments at the bank and explained how decisions on cedi management have impacted its financial position. The Bank of Ghana posted an operating loss of GH¢15.6 billion for 2025, compared with GH¢9.4 billion in 2024, and negative equity widened from GH¢58.62 billion to GH¢93.82 billion.
13 May 2026 · Joy Online →
The Asante Akyem North MP, Kwame Ohene Frimpong, was intercepted and questioned at Amsterdam Airport Schiphol over an arrest warrant issued by U.S. authorities. According to the Majority Chief Whip, the incident occurred on Sunday during a private trip to London, and a Ghanaian lawyer based in The Hague has been arranged to represent the MP.
13 May 2026 · Joy Online →