Bank of Ghana Reveals GH¢9.49bn Operating Loss in 2024

Jun 7, 2025 - 00:05

Accra, Ghana - 07 June, 2025 - The Bank of Ghana has published its 2024 Financial Statements, revealing a significant operating loss of GH¢9.49 billion for the year. This loss is an improvement from the GH¢13.23 billion recorded in 2023.

According to the report, the operating loss resulted from total operating income of GH¢9.40 billion being outweighed by total operating expenses of GH¢18.89 billion.

Key factors contributing to the loss include the cost of Open Market Operations, which stood at GH¢8.60 billion, and revaluation and exchange differences amounting to GH¢3.49 billion. Notably, the Government's Gold-for-Oil Programme incurred exchange losses of GH¢1.82 billion.

Additionally, currency issue expenses rose to GH¢1.01 billion in 2024 from GH¢0.69 billion in 2023.

Despite the operating loss, the Bank's equity position saw a GH¢4.02 billion enhancement, closing the year at a negative value of GH¢61.32 billion. This development indicates a step towards financial stability, and the Bank remains committed to maintaining price and financial stability while fostering an environment conducive to business growth and individual prosperity.

The publication of the 2024 Financial Statements underscores the Bank of Ghana's dedication to transparency, accountability, and sound financial governance, aligning with its statutory obligations.

By releasing these statements, the Bank provides stakeholders with a comprehensive overview of its financial performance and position, ensuring openness and accountability in its operations.