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Home Business Banking & Finance

BoG Seeking GHS 53 Billion to Address Negative Equity After GHS 60bn Loss in 2023 – Finance Minister

6 months ago
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BoG Seeking GHS 53 Billion to Address Negative Equity After GHS 60bn Loss in 2023

The Bank of Ghana (BoG) is seeking some GHS 53 billion to mitigate its negative equity challenge following a GHS 60 billion loss recorded in 2023.

This was disclosed by Finance Minister Dr. Cassiel Ato Forson during the presentation of the 2025 budget on the floor of Parliament on Tuesday, March 11, 2025.

The loss stemmed from the Government’s Domestic Debt Exchange Programme (DDEP), which involved the restructuring and extension of maturity dates for bonds worth billions of cedis.

The restructuring resulted in substantial impairments to the central bank’s assets, contributing to the negative equity situation.

Negative equity for a central bank occurs when its liabilities exceed its assets, potentially impacting its financial stability and ability to support monetary policy initiatives.

The GHS 53 billion capital injection is expected to help the BoG restore its balance sheet and reinforce confidence in the financial system.

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Further details on how the funds will be raised are expected to be outlined in subsequent engagements between the Finance Ministry and the central bank.

Tags: BOGBoG Seeking GHS 5bn to Address Negative Equity After GHS 60bn Loss in 2023negative equity

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