The Member of Parliament for Bekwai, Ralph Poku Adusei, has strongly criticised the Bank of Ghana’s (BoG) reported financial loss for 2025, describing the central bank’s accounting approach as “misleading” and warning that the country stands to suffer greatly if the situation is not addressed.
According to the Bekwai MP, the BoG’s declared loss of GH¢15.6 billion significantly understates the true financial position of the bank. He insisted that a proper assessment of the figures puts the actual loss at approximately GH¢44 billion.
Speaking in an interview on May 3, 2026, the MP described the BoG’s reporting as a “bad practice” that is unprecedented.
“It’s a bad practice, it’s unprecedented and the country stands to suffer greatly if due care is not taken,” he said.
Ralph Poku Adusei accused the National Democratic Congress (NDC) of attempting to shape public perception through what he described as a preemptive and misleading presentation of the figures. He contended that the central bank used a “piecemeal approach” by failing to consolidate all components of its losses.
“When you go through it clinically and analyse it, you realise they are using new or non-existent methods to arrive at that figure,” he stated.
The MP explained that applying the traditional method of assessing the bank’s losses reveals a much higher deficit of about GH¢44 billion instead of the GH¢15.6 billion being reported.
He specifically pointed to losses related to gold transactions, including funds lent to the Gold Board, which he argued should be fully incorporated into the total loss calculation.
“They claim the GH¢9 billion is a debt or loss from gold transactions. In actual sense, it is a loss, not a gain. So why exclude it when computing the total losses?” he questioned.
Adusei maintained that when the reported operating loss of about GH¢34 billion is aggregated with losses from gold dealings, the total comprehensive loss reaches approximately GH¢44 billion.
“The fact of the matter is that this analysis establishes the actual losses incurred in 2025 as GH¢44 billion,” he stressed.
