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May 16, 2026
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Government commits to fully recapitalising Bank of Ghana by 2032
Money
Policy
Growth
Key Points
- The Government of Ghana has committed to fully recapitalising the Bank of Ghana by 2032.
- This commitment follows the passage of amended legislation by Parliament, providing legal backing for the recapitalisation process.
- The Bank of Ghana recorded substantial operating and Other Comprehensive Income (OCI) losses in 2025, worsening its negative equity position to GH₵96.28 billion.
- The recapitalisation will be gradual and includes an 'automatic recapitalisation' clause, ensuring government support if the central bank's capital falls below the minimum requirement.
- The IMF supports Ghana's plan, factoring the recapitalisation trajectory into its debt sustainability analysis and viewing it as crucial for a credible and durable economic recovery.
Why This Matters
The financial health and stability of the Bank of Ghana are paramount for maintaining price stability, controlling inflation, and executing effective monetary policy in Ghana. This recapitalisation commitment, backed by new legislation, signals the government's dedication to sound financial management, which is crucial for restoring investor confidence and securing long-term economic stability and growth for the nation.
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- Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
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Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
- However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
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