Just In: Bank Of Ghana Finally Vindicates Kojo Oppong On 34BN Loss: S. Gyamfi & Ato Forson Exposed..

Added: 2026-05-16

[00:00:11]gold purchase program we propaganda politics of press conference Bank of 24hour economy the whole country the way to solve a problem 24-hour economy one shift one job three shift three people bill. So we passing 24-hour economy authority bill.

[00:01:14]24 economy authority authority exports the object of the billot exports enterprise Ghana enterprises agency Ghana Export Promotion Authority Investment GIC extra value 15.6 6 billion only an aspect of 34.9 billion 34 because 34 banking Daily 34.9 billion billion Bank of Ghana.

[00:03:02]Minity Bank of Ghana 15.6 34.9 billion Ghana city 15.1 Bank of Ghana press conference Bank of Ghana.

[00:04:00]Joy TV.

[00:04:14]Bank of Ghana.

[00:04:30]MP press conference press conference.

[00:04:55]21 days 9 billion 44 of 96 billion mechan Bank of Ghana audited financial statement 15.63 63 billion.

[00:05:33]Even prior to that Foreign speech. Foreign speech. Foreign speech.

[00:06:14]You know, I think thereability Honorable 34.9 billion 44 billion somewhere 2022 Bank of Ghana.

[00:07:16]You do me, I do you.

[00:07:22]These are questions.

[00:07:51]But partisansship free SHS program.

[00:08:07]Free SHs program.

[00:08:20]um area party there's a distinction between the two.

[00:08:31]>> Okay. NDC party press conference press conference by a member of parliament for press conference party bank of Ghana audited financials for the year 2025.

[00:09:01]Ah, Bank of Ghana because Bank of Ghana act 612 section 58 finance minister. Finance Minister Bank of Ghana website after midnight press conference 15.6 billion I mean two 15.6 Six. Okay.

[00:10:29]16 19 34.9erence Friday.

[00:10:54]First of all, secondly press conference first of banks.

[00:11:24]Bank ofility, Because operating account comprehensive income account.6 6 billion hospital. Mhm.

[00:12:25]19 billion billion 19 billion plus 15 billion 34.9 billion number two4.9 billion 35 billion For the first time, Bank of Ghana 35 billion 44 billion half.6 6 billion 34.9 billion 34.9ion 15.6 Six objectives 34.9 equity say because of Bank 93 billion Ghana cities 9.3 billion 9 billion 3.3 9.3 3 billion exchange rate of 103 billion capitalization.

[00:14:59]Because capitalize it problems the statement.

[00:15:26]The bank reported an operating loss of 15.6 6 billion and other till and end other comprehensive loss of 19.32 billion for 2025 Five.

[00:15:53]Fine. Second thing.

[00:16:02]Okay.

[00:16:11]Bank of GH that is majority businesses collapse.

[00:16:39]again.

[00:16:47]So there has been stability.

[00:17:17]You see because of 2022 Bank of Ghana Bank of Ghana institution make profit making 2020.

[00:18:07]Mhm.

[00:18:15]Tax collection, Bank of 48 billion Ghana cities.

[00:18:36]support billiondess to Bank of Ghana coast information.

[00:19:22]2023 Mhm.

[00:19:27]60 billion billion because new headquarters previous.

[00:20:13]But number two, because Central Banking, Bank of England, Bank of America, US Federal Reserve rather different currency 2017 2018 2019 inflation fee 15%.

[00:21:22]20 214.

[00:21:29]>> Mhm. I started under the domestic gold purchase program of GHP domestic gold purchase program 2021 December 22 tons of gold Mo seven tons of gold 318 38 9.6 6 billion 2023 about 2024 54% gas inflation 54%. Bank of GH 54%.

[00:22:35]They do 23% difference 31 percentage points one spend 16.7 billion cities 23% as the end of 2025% 18% 16.7 billion the mass is not mass but because you know different from their first one from the large scale gold mines edibility reserves Newmont Exchange Metal Exchange 100.

[00:24:01]Mhm. Bank of Ghana reserves from gold handling charges.

[00:24:33]charges 15%.

[00:24:43]We're making profit.

[00:24:54]billion CDs press conference policy reversal Mr. Speaker 2.5 billion Ghana cities investigation politics investigation and true politics next monthion.

[00:25:59]Honorable Bank of Ghana 900 million Bank of Ghana say 9 billion positive 900 million plus 9 billion That's a negative of 8.1 billion based on what you said 8.1 billiona 8.1 billion is that what we Just one side of Resveatio.

[00:27:10]Reserve ratio.

[00:27:11]10% of Ghana Bankion Bank of GH Bank of Ghana bills are now open market operations.

[00:27:45]For example, on the forex$10 million $10 million of assuming Say in fact um February 21st February 2025 reset reset reset decision of GH [clears throat] to CD3.

[00:29:15]Bank of Ghana 16 billion cities to the banksization.

[00:29:48]>> [snorts] >> Bank of 16 billion GH 16 billion Ghana cities.

[00:30:05]Deliberate decision by the central bank.7 billion Ghana cities policy reversals because if inflation 2% 3% last point at the same with this.

[00:31:19]point of Bank of Ghana because it 93 billion 96.28 28 billion multiply time four over the four years just one year's possibility because January we say January till April sterilization 2025 January to April 34 billion What do I [laughter] say? Gold support again.

[00:33:50]Bank of Bank of 10.6 billion cities getting the gold for this purpose.

[00:34:20]You see economy currency.

[00:34:38]handle red pill.

[00:35:07]on a sustainable basis.

[00:35:17]yet.

[00:35:36]OCI losses the same as direct operating losses 34.9.6 Six. Page 16 of the account 15.6 billion reportion 34 billion.

[00:36:25]Central banks globally reserves valuation adjustments separately separately.

[00:36:40]But account But every Bank of Account Auditor.

[00:37:32]Mhm.

[00:37:54]No problem.

[00:38:00]billion.

[00:38:05]That's what they telling us.

[00:38:17]NDC versus NPA.

[00:38:20]>> Um, forget PP NBC Bank of Ghana Bank of Ghana.

[00:38:38]The bank reported an operating loss of 15.6 6 billion and other comprehensive loss of 19.32 billion. The operating loss is primarily driven by the cost of open market operations used to absorb excess liquidity and the cost of the domestic gold purchase program which built Ghana's reserves.

[00:39:02]The other comprehensive income loss reflects the impact of the city's appreciation on the CD equivalent valuation of the bank's foreign currency reserve asset. Negative equity. Negative equity.

[00:39:14]Negative equity moved from 61 billion to 96 billion.

[00:39:21]Bank 61 billion.

[00:39:28]96 billion.

[00:39:30]Difference between 96 billion 61 billion. 35 billion by 35 billion.

[00:39:48]from 61.

[00:40:00]2022 48 billion support economy 60 billion >> 60 >> 2023 2024 9.3 billion but 2024 but 2024 loss of 9.3 other compressive income profit >> profit to That was 2024. 2025.

[00:41:23]Even the bank hospital, but because of DD DP 48 billion sterilization.

[00:42:07]Gold purchase program.

[00:42:12]statement and we propaganda politics. Bank of Ghana, Bank of March 2025.

[00:42:41]You see mistakes 2025 on the floor of Parliament.

[00:43:15]1.7 million.

[00:43:19]No problem.

[00:43:31]62 billion 62 billion open market no problemizion at the end of the year. Okay.

[00:43:49]Even taxes.

[00:44:18]No problem.

[00:44:25]We regret it. But by nothing less than 96 billion Ghana cities authorities finance minister specifically for whatever it And I told that I don't know but whatever it is through taxation making recommendations but I'm saying last Nobody just trying to distract attention press conference Sunday for PDS every time just to distract attention.

[00:46:35]24y the way to solve a Juma problem 24-hour economy one shift one job three shifts three people economy authority bill 24 voice environment. My businesses are thriving.

[00:47:15]Private sector market.

[00:47:39]24-hour economy authority bill exports. The objects of the bill exports enterprise Ghana Enterprises Agency Ghana Export Promotion Authority Investment GIC 24 Authority because of Finance review budgets 24-hour economy authority 100 million for 24-hour economy authority 24hour economy authority 100 million And I tell you by December spending 100 million on the 24-hour economy authority market 24-hour economy authority most of us spend 100 million conferences meetings economy market of the second year reporters across the Find out for you. One month's time to 24-hour economy.

[00:50:00]11 p.m.

[00:50:04]fulfilling because economy challenges with demand.

[00:50:49]Demand market demand market supply will follow 93 billion62 bank 93 billion 16.7 policies both in economics and in parliament policy there there must be policy coherence during a you know conference what kind we shouldn't triumph on who is right when the country is bleeding >> but majority but 2022 demonstration 60 billion 80 billion account billion 60 48 billion support domestic debt exchange program because of 2023 part of 2022 even with 2025. No, because for me the biggest thing is that we have to recapitalize the Bank of Ghana now and stop the propaganda 2.5 15 total equity net 15 billion.

[00:54:02]Swallow the beta pill.

[00:54:14]biggest problem.

[00:54:28]What is what is the problem? solution programs because problem 2025 politics problem. One of them is the fact instead of focusing on promises.

[00:55:22]2017 pay excess charges.

[00:55:37]20171 billion equivalent for power that we're not taking because of pay between 2017 and 2020 excess capacity charges.

[00:56:14]President 1 billion fund.

[00:56:51]300 billion politiciz.28 28 Bank of Ghana PDS attention is some of those Because press conference lord my mistake.

[00:58:11]Okay. Okay. Okay.

[00:58:38]settingsually mindset.

[00:59:01]Okay.

[00:59:15][laughter] Good idea.

[00:59:22][laughter] But you see focus the biggest problem in this country unemployment Ghana statistical service say youth unemployment 30% 30% 34%.

[00:59:50]Youth unemployment is getting worse.

[00:59:55]Unemployment focusing on those substantive issues.

[01:00:27]It's on social media social media.

[01:00:35]>> I'm telling you, Tik Tok known people back to 2024.

[01:01:04]Why is he preaching patience? If he's going well, why is he breaching patience?

[01:01:21]Whatever Two years a generation.

[01:02:14]started to commitment to fulfilling of promises.

[01:02:47]The corrective measures free Mhm.

[01:03:10]Revenue to GDP ratio GDP 16% countries countries 25%.

[01:03:34]Okay.

[01:03:40]tax framework.

[01:03:44]In fact, 18% last report 16.

[01:04:14]5% of GDP 5% of 1 trillion cities GDP trillion cities 5% of 50 billion cities after two budgets two Number two, 1 million coders.

[01:04:50]1 million coding program.

[01:05:19]know for instance last month a bit So far 560,000 figures but I mean even I I think some last two weeks or so last week more than 600 250 really the fulfillment of those promises 24.

[01:06:21]Second point of promises two years into the administration you should be worried.

[01:06:32]How do they react?

[01:06:56]2.5 billion Ghana cities in the last two months of the year.

[01:07:14]Half authority.

[01:07:34]But that's not the route we want to go.

[01:07:56]Okay.

[01:07:58]Fine. Fine. But I'm just giving you example NDC MP MP by calling his name.

[01:08:15]statement. Ignorant group within hours regional minister Okay.

[01:08:47]The standards are different.

[01:08:55]How they react to some of the things.

[01:09:20]very important.

[01:09:31]Does he need to call her back doesn't lie.

[01:09:54]President said the OSP is still very important.

[01:10:04]Bank of Ghana financially unsafe of 96.28 billion. Okay. What it means reserve ratio from banks policy insolveny to solve it.

[01:10:46]You know with regards to depositors anyways it has to be in I won't say that but central bank nothing less than 96.28 billion 96.28 billion whatever capitalization more than 96.2 only two ways camera because Madame NDC Soy must be judged against microeconomics outcome. Inflation falling uh to 3 point you know and reserves increasing lending rate easing debt ratio improving.

[01:13:04]First of all, policy solveny very different policy basic level market operations.

[01:13:56]You know, is that authority But such a significant transaction.

[01:14:28]Such a significant transaction.

[01:14:54]Such a significant transaction 96.28 28 billion.

[01:15:08]Dollar rent.

[01:15:30]But now there's an operation cost rate control for make sure India because of operation cost of >> [clears throat] >> Cost of living Who can see [laughter] bean oil? Mhm.

[01:16:44]because of subsidizing imports.

[01:17:07]That's substitution.

[01:17:10]import oil. Palm producers because import Because of subsidy [clears throat] warehouse genuine with regards to gaining strength. Is it wrong?

[01:18:24]years. Mhm.

[01:18:33]Good idea to me.

[01:18:51]to fight inflation.

[01:18:54]16.7 billion cities 9.6 billion And I've been consistent.

[01:19:34]method under conditions worried about it because it's not It's about the methods. I care about the methods that 19 years 21 years Mercedes-Benz.

[01:20:14]It's not about the fact.

[01:20:41]Oh, wow.

[01:20:50]Not the fact that is the simplest form.

[01:21:09]Of course, the first thing I'll be exactly That's exactly what we are talking about. That's exactly what we are talking about.

[01:21:42]16.7 billion for sterilization.

[01:21:47]You still think we should continue with that method? If you think so, that's fine. But 96 billion.

[01:22:11]After a while, minister, free water, free electricity. Mhm.

[01:22:48]Good place. Absolutely. I keep telling you successful.

[01:23:17]We speak out of a good place.

[01:23:20]Every time parliament every time I'm not even shy to admit where we went Mhm.

[01:23:34]Mhm.

[01:24:01]Inquisitor diffusing PPP lies. NBC design new agenda relaunches setting the records straight. Do you think this Bank of Ghana Bank of Ghana 15.6 billion Bank of Ghana 15.6 million Head one shift, one job, three shifts, three people.

[01:25:01]politics mean I don't even go into soup 3 4 months ago Light cost by 28%.

[01:25:41]Water bill by 15%.

[01:25:44]Rent 30% 34%.

[01:25:54]inflation 3.2 96 billion okay with it I mean for the Mhm.

[01:26:40]I think it's important as quick as possible. Okay. And now do you think what is the right thing for opportunity about I'm telling you on authority press conference say I have my charge sheet. I'm going to go to court lawyers from the other side of evidence later It is a major infringement on the rights of people.

[01:28:29]In fact, criminal summons provide information investigation.

[01:28:50]investigation.

[01:29:04]C4 investigating Crossing power.

[01:29:38]What is the basis?

[01:29:41]of justice system >> because Ghana justice system you are innocent >> until proven guilty. Proven guilty proven guilty press conference.

[01:30:09]A court of competent jurisdiction.

[01:30:29]This is the first time press conference.

[01:30:54]Mhm.

[01:31:00]>> You take your victim as you find him.

[01:31:12]>> Doctors answers.

[01:31:34]Two coin friend to answer your question.

[01:32:02]But that's not what they are doing. And I think we should be honest about it and not make any justifications for them.

[01:32:11]Mi and anytime questioning to me OSP offic enough comfortable with the independence of the OSP.

[01:32:41]>> Are you sure?

[01:32:42]>> Obvious. But those are the facts.

[01:33:02]weaponiz conditions.

[01:33:32]allegations of corrupt press conference. even former finance minister, you know, the back and forth and all that.

[01:33:58]Lawyers.

[01:34:02]The lawyers.

[01:34:07]Lawyers. Lawyers.

[01:34:10]Lawyers. Lawyers.

[01:34:13]Lawyers.

[01:34:15]Lawyers.

[01:34:17]Frank Davis. Lawyers for the former finance minister.

[01:34:25]press conference.

[01:34:35]Whe is a different matter.

[01:34:48]But maybe And I'm telling you, okay, very bad president.

[01:35:15][clears throat] What >> [laughter] >> do you mean?

[01:35:35][laughter] Okay. [laughter] Honorable M.