Bank of Ghana’s GH₵96bn negative equity poses serious economic risks — Hon. Kojo Oppong Nkrumah.

Ajouté : 2026-05-07

[00:00:00]Honorable MP former minister for works and housing, former information minister 2026 MP's annual prayer conference with the clergy.

[00:00:30]prayer conference with the clergy church of Pentecost director of youth ministry focus in particular last week school number so far.

[00:01:07]So in the nine years nine schools last week Monday over the ninth schools losses recorded losses 2020. 22.

[00:01:39]Mhm.

[00:01:43]First of all, Bank of Ghana.

[00:02:01]Section 58 of Act 612.

[00:02:13]Okay. The reason is that Bank of Ghana independent constitutional body of Ghana.

[00:02:24]Unfortunately, for the first time in the in the in the in the in the 70 years, for the first time in the 70 years, Bank of Finance Parliament party, NDC headquartersh financial statement.

[00:02:43]>> Yes. NDC party nodc communicators any MPs press conference Bank of Ghana financial statement what they started doing Because Bank of Bank the moment independence operational independence and was the first point.

[00:03:54]The second point was that politics Thursday 3:34 press conference Friday Ghana 15 billion Bank of Ghana propaganda press conference 15 billion 15 billion 15 billion 15 billion midnight 15 billion page one another billion 34.9 billion 35 billion 35 billion 35 billion.

[00:05:32]Billion 44 billion 44 billion.

[00:05:44]Second point Number three, Bank of Ghana.

[00:06:11]billion cities. Negative net equity 93 billion cities. In fact, Bank of Ghana Bank of Ghana.

[00:06:29]Okay. Banks of Bank of 93 billion negative equity. 93 billion 93 billion Because recapitalizion 2022 Mhm.

[00:07:33]50 51 35.

[00:07:42]Wow.

[00:07:45]35 year politics 34.94 93 billion under the recapitalization Bank of Ghana issue statement.

[00:08:32]What were the financial results?

[00:08:36]The bank reported an operating loss of 15.6 6 billion and and other comprehensive loss of 19.3 billion 34.9 billion 4.9 billion 35.

[00:09:09]Mhm.

[00:09:15]96.2 two billion Ghana cities.

[00:09:20]Bank of Ghana finance is statement.

[00:09:34]recommendations.

[00:09:40]Bank of GH In this particular year 2025, you see first of 15 billionity billionility.

[00:10:48]Central Bank if that is the logical examples 2017% in fact making profit. Bank of Ghana was making not a profit making entity by three years inflation 15 by 87.3 another example 2023 inflation 54%.

[00:11:33]From 2023 to 2024 yet inflation so if 54%.

[00:11:41]23% difference 31 percentage points 16.7 billion cities 23%. At the end of the year 5% difference 18% 16 billion because I'll come there another example build time independence 2021 domestic gold purchase program going forward from 81 tons of gold billion cities 31 tons for that Yeah. 38 billion 22 different question. But to answer the first question, 28% economy down to 3.2% registration.

[00:13:53]How do you explain to anybody Finance 13 months of statement 44 billion 93 billion 96 billion 96 billion under recapitalization.

[00:15:03]20 25 economy.

[00:15:35]temperature 34.9 billion 34.9 35 nom Mhm.

[00:15:56]44 billion.

[00:15:59]Next week Facebook financial statement 2025.

[00:16:32]93 billion. In fact, statement value of the bank's foreign currency reserve negative equity move from 61 billion at the start of the year to 96.28 billion. Okay.

[00:16:47]96.28 billion by the end of the year.

[00:16:49]Bank of Ghana statement.

[00:17:10]Parliament.

[00:17:14]There's nowhere because high Can 2.5 billion Ghana cities 2.5 billion Ghana cities they threw it out.

[00:18:01]Bank of Ghana 9.6 6 billion 2.5 9.6 9.6 negative equity.

[00:18:30]Okay. Right. economic indicators green dollar Right.

[00:19:04]Mhm.

[00:19:19]Mhm.

[00:19:34]36% I appreciate hotelend criminally mismanaged children's hospitals final payment between January and now hospitaly Settings.

[00:20:28]Settings. Settings.

[00:20:49]because first of all banks savings and loans micro finance of dear Monetary policy 93 billion capitalization recapitalization bank of GH don't mean recapitalizing system. Okay. currency in circulation.

[00:21:59]Bank of Ghana.

[00:22:06]Okay.

[00:22:09]In fact, Bank of Ghana Speaker Bank of Bank of There are only three circumstances in which Bank of Ghana declare state of emergency.

[00:23:00]Bank of GHC authorities recapitalize finance minister. Finance.

[00:23:23]Okay.

[00:23:36]ization.

[00:23:42]In the end, 24-hour economy.

[00:24:02]24-hour economy.

[00:24:26]Framework. A framework.

[00:24:42]Yeah, I just politics of Right.

[00:25:16]IMF Bank of Ghana Bank of Ghana politics 34.9ITIC Thankfully, the right thing the right thing. There's the International Monetary Fund because we under an IMF Diabetes. Diabetes.

[00:26:47]Diabetes. Diabetes blood pressure 9.6 Six billions.

[00:27:32]minority Because bankization settings for PDS recommendations.

[00:28:15]Next week One, two, 96 billion.

[00:28:58]The first policy insolvent argument but one two Because 2026 2025 2026 2025 Number three, politics headquarters, political interference.

[00:30:22]Zuty governoros lot of respect for board of the bank respect for a good number of the persons on the board there's pressure on them to politicize things.

[00:30:53]Romanitution as the directors of the bank.

[00:31:17]They should not allow themselves to be pressured into politicizing the independence of the bank.

[00:31:25]>> They should not.

[00:31:33]They didn't do this. So they should not allow themselves to be pushed.

[00:31:44]It should never happen again.

[00:31:47]Okay.

[00:31:56]2017, one of your problems, contracts, contracts, take or pay.

[00:32:15]Mhm.

[00:32:36]What are you equivalent of about a billion dollars?

[00:33:07]We were forced to use that money to service take or pay contracts.

[00:33:19]200 billion 96 One year.

[00:33:48]No, we should not sit back for that to happen.

[00:33:51]It should be done and it should be done now.

[00:34:06]high 900 million Ghana cities. Okay.

[00:34:22]By the way, gold 900 million Ghana cities of Ghana 3.7 million Ghana cities bank of GH 9.6 6 billion GH cities 9.6 Okay.

[00:35:05]Bank of London Metal Exchange. London Metal Exchange. You do one of Okay.

[00:35:50]Say million% 15% 15% handling charges are saying charges any charges of transaction. Okay.

[00:36:26]2025 budget finance minister Bank of Ghana% 15% but the problem 15% 900 million 15% physical 100 million million of Ghana.

[00:37:30]Bank of Ghana.

[00:37:43]Say problem Because March 2025 on the floor of parliament what you are doing is you are pumping.

[00:38:27]We know what you are doing. These are the consequences. You are sterilizing.

[00:38:31]These are the consequence.

[00:38:37]And still they are not willing to admit it.

[00:38:44]Did you implement the measures that we are proposing?

[00:38:57]Oh, there were a few other steps um and a few other um um steps under under our sleeves, but as opportunity and I commend the Bank of Ghana.

[00:39:23]Ignorant.

[00:39:25]Ignorant.

[00:39:35]34.9 billion.

[00:39:39]I have a lot of respect for them.

[00:39:45]There must be a recapitalization plan and recapitalization 936 billion.

[00:40:16]As a doctor, blood test NDC governance economy under governance 7.3.2 cost of living because of approach because supply side they not dealing with it. They just dealing with the demand side.

[00:41:49]And we have told them into value for the people of Ghana.

[00:42:04]as you see Ghana doesn't deserve to be here. Bank of Ghana 2022, Bank of Ghana 48 billion cities support 48 billion22 billion 60 billion of Ghanian economy by 2024. Bank of Ghana about how do I see the economy?

[00:43:14]2024 election the biggest issue in fact two big issues the issue number one unemployment GH statistical service youth unemployment 30% is worse off than for finance minister intake double the intake. for years since then.

[00:44:07]What recruitment?

[00:44:24]The other one was general economic instability.

[00:44:43]So still not about how do I see the economy what is the lived experience of the people lived experience in the economy.

[00:45:32]airplanes.

[00:45:44]Yeah.

[00:45:47]last week as lawyer for some of the accused persons.

[00:46:07]Attorney General.

[00:46:32]Okay.

[00:46:47]What is this?

[00:46:54]What is this?

[00:46:58]What is this?

[00:47:09]So against you against you state meaning.

[00:47:33]Yes.

[00:47:38]For the first time in the history of the country press conference.

[00:47:53]So, 107.3 OSP.

[00:48:44]What is this?

[00:48:46]Say the jurisprudence of this country are innocent until proven guilty. Under the NDC, you are guilty until proven innocent.

[00:49:15]Attorney General Department of State part of settings.

[00:49:53]Economic and Organized Crimes Office. Mhm.

[00:50:06]But they are weaponizing their power as a weapon to punish people to punish people.

[00:50:24]That's what's going on now.

[00:50:27]That is what is going on now.

[00:50:40]MPh.

[00:50:54]Okay.

[00:51:15]2025.

[00:51:37]sterilization because dynamic reserve ratio requirement foreign exchange rules of percent equivalent.

[00:51:55]Oh, no problem.

[00:52:27]Right.

[00:52:31]Is MP on course meeting as part of your reforms? Good news.

[00:52:43]Yeah. Yeah.

[00:52:45]Good news to make the party fin stronger, more robust from neck to council party. He's also been working for working seriously on the unity agenda.

[00:53:17]on the quiet in the last engagement behind the scenes.

[00:53:40]you know behind the scenes contested Saturday because the work to ensure MP on because a lot of work is going on behind the scenes.

[00:54:28]Okay.

[00:54:50]back to the realization.

[00:54:52]So he's doing a lot of work behind the scenes concern and is he aware? Oh yeah, he's aware and he's made the point clearly meeting you know I can tell you in authority he will make that point very clearly to the party.

[00:55:23]Okay.

[00:55:37]Election for Right. Elections few places. Yeah. Pocket of violence.

[00:56:09]Why?

[00:56:20]executives. I mean, there have been just a few cases, you know, national executive committee.

[00:56:36]Try as fair as possible as compared to previous times.

[00:57:01]President as much as possible.

[00:57:19]system. complain system positions organiz PP 2024 elections just about 100,000 nearly 2 million votes.

[00:58:08]million different groups research. The research was clear.

[00:58:35]Um, NDC propaganda.

[00:59:04]What we need is and I get the impression.

[00:59:23]We are better off.

[00:59:31]district.

[00:59:40]this kind of energy level.