Financial institution of Ghana (BoG) Governor Dr. Johnson Pandit Asiamah has assured the general public and buyers that the numerous working revenue and different complete earnings (OCI) losses that occurred in 2025 is not going to be repeated on an identical scale in 2026.
His feedback got here after the BoG posted an working lack of GH¢15.6 billion in 2025, additional rising its working loss from GH¢9.4 billion in 2024.
He pointed to elementary adjustments in three key circumstances that brought about these losses and expressed confidence that the Financial institution stays totally solvent and able to assembly its obligations.
The Financial institution’s working losses have been pushed by misplaced income from the Home Debt Change Program (DDEP), revaluation losses because of the sharp rise in CEDI, and the excessive price of large-scale open market operations wanted to include excessive inflation.
Dr. Asiama said this at a press convention after the a hundred and thirtieth Financial Coverage Committee assembly, in response to a query from the Ghana Information Company on the measures being adopted by the central financial institution to take care of the losses.
“Given the present state of affairs, the working loss can be more cost effective in comparison with final 12 months. We don’t count on the cedi to understand by 41-42% this 12 months. So the revaluation loss may truly be a revaluation achieve,” he mentioned.
The central financial institution governor famous that the circumstances that gave rise to those losses have modified considerably, and the identical mixture of pressures will not be anticipated to converge to the identical extent or impact this 12 months.
He defined that the price of open market operations can be considerably decrease in 2026, given aggressive financial tightening and inflation being effectively beneath the higher finish of the medium-term goal vary of 8 ± 2%.
Relating to CEDI, President Asiama defined that the present alternate fee trajectory may end in revaluation positive factors on the Financial institution’s steadiness sheet as an alternative of revaluation losses.
“As of December 31, 2025, the greenback promoting fee was 10.4GH₵.4.Presently, the Cedi to greenback fee is 11.5GH₵.5.If we now launch the identical monetary report immediately, the state of affairs could be utterly totally different,” he mentioned.
Asiama mentioned it was necessary to grasp the losses within the context of what had been achieved, noting that the steadiness positive factors realized in 2025 are necessary and symbolize a “mandatory price” and “reset” that can not be simply quantified in financial phrases.
He mentioned the central financial institution’s high precedence was sustaining its stability.
“What’s most necessary now’s the flexibility to keep up an anchor going ahead, the flexibility to keep up the steadiness achieved at nice price in order that different development outcomes could be constructed on that basis for the advantage of all Ghanaians,” he mentioned.
He urged Ghanaians to not worry for the viability of the central financial institution and reaffirmed the financial institution’s dedication to fulfilling its worth stability mandate, promising a turnaround in 2026.
Dr. Asiama additionally reaffirmed the Financial institution of Ghana’s dedication to transparency and public communication, expressing confidence that an knowledgeable public will perceive the complete image of the Financial institution of Ghana’s present state of affairs and future path.
