Chairman of the Parliamentary Finance Committee, Isaac Adongo, has defended authorities’s plan to recapitalize the Financial institution of Ghana (BoG).
The Bolgatanga Central MP maintained that each the Central Financial institution and the Ministry of Finance are absolutely dedicated to restoring the central financial institution’s monetary well being.
His remarks got here amid heightened political debate following the discharge of the Financial institution of Ghana’s 2025 monetary statements. The monetary statements recorded a lack of CHF 15.63 billion and a damaging fairness deterioration of CHF 93.82 billion.
The numbers elevate issues in regards to the central financial institution’s long-term monetary stability and the potential burden on taxpayers.
Mr. Adongo maintained that the recapitalization course of is already primarily based on regulation and varieties a part of a structured roadmap accredited by Parliament.
He harassed that the Authorities stays dedicated to adhering to the authorized framework governing the restoration of the Financial institution’s steadiness sheet and guaranteeing that the Financial institution can proceed to successfully perform its mandate.
“The central financial institution and the Ministry of Finance agree that there must be a roadmap for financial institution recapitalization and it’ll occur,” the Bolgatanga Central MP stated on Channel 1 TV on Wednesday, Could 6.
He added that the Minister of Finance had already offered the framework to Parliament and the Authorities had no intention of ignoring this laws.
