“They don’t understand accounting”—International Banking expert exposes minority over BoG losses😱🔥

Added: 2026-05-07

[00:00:00][music] International banking consultant minity press conference actual losses losses from bank of 44 billion net loss billion banking.

[00:00:40]Before that, comments in the com center, your ecoious cleaning specialist.

[00:00:57]Hospital, church, bank, office center.

[00:01:32]by way of gifting her package on the occasion of Mother's Day.

[00:01:55]What a view.

[00:02:01]0540 347699 across the country nationwide delivery.

[00:02:18]15 billion billionational banking consult to educate the minority and from 2022 billion loss. He made a point 2023 the losses of the bank 13 billion 2024 9 billion in the 9.5 >> 9.5 billion 2025 and even before we come there we have to even settle this one first from the and looking at the bank's financial position statement of finanity.

[00:03:21]How much was the loss?

[00:03:24]>> Well, from the from the auditor's point of view, which is the view of a professional body?

[00:03:29]>> Yes.

[00:03:30]>> Nobody can challenge the 93 something.

[00:03:34]>> Okay.

[00:03:38]>> Accounting principles.

[00:03:40]Mhm.

[00:03:43]>> Okay.

[00:03:44]>> Because one of the global institutions and they won't do anything that could compromise their position.

[00:03:52]>> Yes.

[00:04:05]Okay.

[00:04:17]And the account was not qualified.

[00:04:18]>> Okay.

[00:04:21]Let me put it professional accountant. You could be a graduate accountant or professional.

[00:04:28]KPMG is one of the best nations all over the world.

[00:04:33]>> Sure.

[00:04:39]How is completed? You don't know.

[00:04:40]>> Okay.

[00:04:42]>> I think you can go to court and don't go and tell people.

[00:04:56]>> Okay. for you know the law saying 15 is 15 something billion there about >> okay 15 something billion is the loss >> something 15.6 let me be very 15.6 billion >> the loss >> yes >> when the uh minority makes the point the actual loss a 34.9 billion you disagree with them.

[00:05:38]>> I totally disagree because when you sell something and you make money you add it to it.

[00:05:45]>> Yes.

[00:05:53]And I can challenge everybody.

[00:06:07]Yes.

[00:06:09]Yes. Because gold sales 44 billion 34.9 billion and to know the total loss go to the consolidated and separate statement of financial position.

[00:06:40]as 31st December 2025 the equity position in 2025 equity position 93.818 818 billion it is in bracket not negative compared okay okay yes the negative of 16.5 that is how it calcated accountant and the principles are set internationally and globally and this is doc consolidated in separate statement of financial position as 31st December 2025 the equity position in 2025 as against 2024 in the 2025 no 93 billion 2024 58 billion can a lay man not subtract 58 billion from 93 billion and sayion in the year 2025.

[00:08:32]>> Okay.

[00:08:32]>> I made a loss of 60.8 billion in 2022.

[00:08:36]>> Yes.

[00:08:36]>> And I made a loss of 10 billion 10.

[00:08:38]2022. Then I made a loss of 9.9 billion in you get closer to 80 80 billion >> negative.

[00:08:49]So you adding the negatives and negatives and negatives without adding to it you get the equity losses of 93. Yes.

[00:09:03]Mhm.

[00:09:17]Yes.

[00:09:22]A professional presentation according to the international statistic differences. come to 803 something we talking about.

[00:09:44]>> Yeah. Baba I'm saying what is your understanding of the equity position in 2024 a 58 billion negative 2025 93 billion negative. What does it mean?

[00:09:59]Does it mean the loss difference of 34 billion?

[00:10:08]the loss.

[00:10:11]>> Okay.

[00:10:11]>> The loss of the foreign reserves 23 or 29.

[00:10:23]>> Okay.

[00:10:27]British Bank of England Bank.

[00:10:38]You get to that point but these are what you call the translational losses because you are not you are translating one position to another position.

[00:10:48]That is where you go. But in the reality we not selling foreign we can argue and discuss and argue and that is the way it is done because no way because copies to all bank of Ghana correspondent bank which federal reserve is one bank of England is one the Euro Central Bank is one the Japanese is one but relationship we send copies to them and it will be signed and has been signed. You see people arguing about what not taking from here to there. When you go into the footnotes, go to the footnotes written in the footnotes and in the in the footnotes the loss is 15 billion.

[00:11:56]>> Okay.

[00:11:58]Okay.

[00:11:59]Okay. But but I think for now because there is a debate as to what the actual loss is because say when there is a statement of account.

[00:12:13]Yes.

[00:12:15]The fundamental loss position, revenue position.

[00:12:21]I am wondering why now there is even confusion about what the actual loss position is. Majority >> majority press conference 15 billion minority press conference no the devil is in the detail drill down and look at the account where the more than 15 billion which one should should we take now because take even the equity position subtract last year from this year now it leaves you at 34 billion 34 billion details 15 billion loss and open marketion 34 billion is showing the equity position which one now should we take and that's why we came to you the expert okay >> the something that has been certified by international accounting firm it is not left to anybody who is not part of the king to be taking it as if okay >> because there are other things that we do in it which is different You should go into the details of the accounts and see how these calculations were done. And if you have any doubts, if you have any doubt, you raise it with the accountants.

[00:14:16]There are two different things.

[00:14:17]Accounting is a professional body and when they do it and it is wrong they will qualify it. So now people are beginning to doubt the integrity of the K20 which I believe it doesn't even work well for us because some of them Ernest and used to do it they did it for six years >> and this came in because the law required that every 3 years you should change and they change it and if you hire anified accountant professional account. Okay.

[00:15:03]We can have so many arguments and arguments and arguments from 2020 away from 2022.

[00:15:10]>> Okay. I I I get it now.

[00:15:13]maybe to appreciate it. Well, a professional accountant to to look at the numbers and tell us really what the what the real issues are.

[00:15:27]>> If you really if you not ordinary accountant, if you really think is a you can invite the KPMG, >> okay, >> there are too many of them. They will come and justify and discuss and tell you why these things were done or why this because Okay.

[00:16:06]I get you.

[00:16:09]Member of parliament lawyer years. after 8 years account of the next loss of Bank of Ghana the issue of Bank of Ghana.

[00:16:36]It is one of the issues minority is it's interesting I was listening to you Mhm.

[00:16:48]Why? Okay.

[00:16:53]Solutions >> because you see that has been the discussion.

[00:16:57]Say what what do you think would the alternative be? I mean what do you think the alternative would be? So because what is the principle?

[00:17:24]especially against the record you have.

[00:17:30]Simplify the matter. What is the issue?

[00:17:33]Or is it the usual I mean that has been their campaign.

[00:17:51]But if they are saying [clears throat] conference that press conference report number one number two with the narrative around the loss 15 billion Ghana city laws Mhm.

[00:18:21]>> But 15 billion >> what does the report say?

[00:18:24]>> The report the audited report is it not 15 billion 15 >> it is their own mathematics but you see what does the report say about THE LOSSES AND DURING time 6 billion how was it calculated >> 60 billion 6022 9 billion sorry I'm sorry 60 billion at the time inflation 54%. But you see it has been said of course Bank of Ghana they also have some kind forex.

[00:19:10]So what we have said look surely surely at the time And then because then there is a devaluation because of currency.

[00:19:47]So 44 without the 34.9. How did they get the 34.9 headline plus the laws in open market operation 34.5?

[00:20:17]>> So you see for me it has been disputed.

[00:20:22]If they think that's okay but I'm saying that at least there's been a loss of news because in fact in 2022 over 60 billion [snorts] but okay >> I MEAN THAT ARGUMENT WHERE is it coming from if in 2022 after you had been in power since 2017 how many years 5 years thereafter afterion.

[00:20:58]Okay. I mean, HOW CAN YOU? AND THESE ARE THE SAME PEOPLE, SOME CABINET MINISTERS DURING THAT TIME.

[00:21:07]I mean, it happened TV parliament for the channelific.

[00:21:38]>> [music]