BoG is losing its shield – Economist raises red flag

BoG losses raise concerns over currency stability – Economist

Founder and Managing Partner of Songhai Group, Hene Aku Kwapong, has urged government to reassess Ghana’s monetary policy framework, cautioning that the financial position of the Bank of Ghana (BoG) could have implications for economic stability and institutional credibility. His remarks come in the wake of discussions surrounding the central bank’s 2025 financial performance, which recorded an operating loss of about GH¢15.6 billion, alongside …

BoG is losing its shield – Economist raises red flag

A Professor of Finance and Economics at the University of Ghana,Professor Godfred Bokpin is sounding the alarm over what he sees as growing political interference in the work of the central bank. Speaking on TV3’s New Day, monitored by MyNewsGh, he said the independence of the Bank of Ghana is being steadily eroded. “We are compromising the central bank’s ability to withstand pressure from the fiscal side,” he cautioned. He made the remarks foll…