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Bank of Ghana Posts GH¢93.8bn Deficit, Capital Injection Planned

5/3/2026

32 5 Full Breakdown

Summary

Story summary

The Bank of Ghana posted negative equity of GH¢93.82 billion at the end of 2025.
It recorded a GH¢15.3 billion loss in 2025, mainly due to GH¢16.7 billion in open market operation costs.
Operating income exceeded those costs, giving the bank a positive policy solvency position.
The government will inject capital from 2026 to 2032, while gold sales and the Domestic Gold Purchase Programme added income that partially offset the loss.

History

Historical Context

After subprime mortgage losses erupted in 2007, the 2008-09 global recession forced governments to inject massive capital into banks; the United States passed a $700 billion emergency stabilization act in September 2008, and the United Kingdom injected £37 billion to recapitalize RBS, Lloyds and HBOS. These bailouts created balance-sheet strains that later resurfaced in sovereign fiscal crises.

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Story summary

The Bank of Ghana posted negative equity of GH¢93.82 billion at the end of 2025.
It recorded a GH¢15.3 billion loss in 2025, mainly due to GH¢16.7 billion in open market operation costs.
Operating income exceeded those costs, giving the bank a positive policy solvency position.
The government will inject capital from 2026 to 2032, while gold sales and the Domestic Gold Purchase Programme added income that partially offset the loss.

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