{"id":24323,"date":"2026-04-30T18:55:30","date_gmt":"2026-04-30T18:55:30","guid":{"rendered":"https:\/\/expressnewsghana.com\/?p=24323"},"modified":"2026-04-30T18:55:30","modified_gmt":"2026-04-30T18:55:30","slug":"majority-caucus-defends-bog-losses-as-cost-of-stability-hails-record-reserves-under-ganrap","status":"publish","type":"post","link":"https:\/\/expressnewsghana.com\/?p=24323","title":{"rendered":"Majority Caucus Defends BoG Losses as Cost of Stability, Hails Record Reserves Under GANRAP"},"content":{"rendered":"

The Majority Caucus on Parliament\u2019s Finance Committee, have thrown their weight behind the Bank of Ghana, following the release of its 2025 financial report, describing the GH\u00a215.6 billion reported loss as the necessary cost of restoring economic stability.<\/strong><\/p>\n

Speaking at a press briefing in Parliament on Thursday, April 30, Hon. Issah Atta, a member of the committee emphasised that the central bank\u2019s performance should not be assessed using commercial profit metrics.<\/p>\n

\u201cThe mistake any observer can make is to judge a central bank by the standards of a commercial company,\u201d he stated, echoing the Bank\u2019s position.<\/p>\n

\u201cThe right test is whether it has delivered on price stability, financial stability, and economic confidence. By that test, 2025 was a year of significant achievement.\u201d<\/p>\n

The Bank\u2019s latest results show a widening loss from GH\u00a29.4 billion in 2024, alongside a persistently negative equity position.<\/p>\n

However, officials attribute this to deliberate policy interventions and the lingering effects of the Domestic Debt Exchange Programme rather than operational inefficiency.<\/p>\n

Despite the headline figures, the central bank points to a markedly improved macroeconomic environment. Inflation fell sharply from 23.8 percent at the end of 2024 to 5.4 percent by December 2025, and further to 3.2 percent by March 2026.<\/p>\n

\u201cFor the woman buying tomatoes at the market, that means prices are no longer rising unpredictably,\u201d the Bank noted, underscoring the real-life impact of stabilisation efforts.<\/p>\n

The Ghana cedi also rebounded strongly, appreciating by 41 percent in 2025 after losing 19 percent the previous year.<\/p>\n

This recovery supported a significant build-up in international reserves, which rose from US$9.1 billion in 2024 to US$13.8 billion by the close of 2025, and reached a record US$14.5 billion by February 2026.<\/p>\n

Central to this reserve growth is the Ghana Accelerated National Reserve Accumulation Policy, a newly legislated framework aimed at strengthening Ghana\u2019s external buffers.<\/p>\n

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