The Bank of Ghana released its Financial Statements for the period 1 January to 31 December 2025 on 1 May 2026 in accordance with law.On page 15, the Consolidated and Separate Statements of Profit or Loss for the year ended 31 December 2025 clearly marked out the Operating Loss of 15.6 billion cedis with the proviso that “the notes on pages 24 to 132 form an integral part of these financial statements”.
And on page 16, the Consolidated and Separate Statements of Other Comprehensive Income for the year ended 31 December 2025 also stated the Other Comprehensive Income figure and the Total Comprehensive Income figure.
Again, in an official Questions and Answers document issued by the Bank on its financials, the first question on the document mentions both Operating Loss and the OCI loss.
Under International Financial Reporting Standards, a “loss” goes beyond day-to-day operations. It includes comprehensive income- capturing exchange rate movements, bond revaluations, and wider economic shocks.
In simple terms, operating performance shows how the Bank is running its core activities, and comprehensive income shows the full impact of the economy on its balance sheet.
Not all losses are created equal. Some reflect performance, and others reflect the environment.
Yes, part of the loss is operational, but a significant portion is non-cash and driven by the appreciation of the cedi by more than 40 per cent in the review year.
Verdict: The claim that Bank of Ghana reported a lower loss figure to hide losses is FALSE.
By Kwasi Danso (Financial Analyst)
