The Bank of Ghana has published its 2024 financial statements, revealing a significant reduction in operational losses.
The central bank posted an operational loss of GH¢9.49 billion, down from GH¢13.23 billion in 2023—a notable improvement in financial performance.
Despite the loss, the bank’s total assets increased sharply, rising to GH¢215.06 billion from GH¢140.41 billion the previous year, indicating a broader financial base.
The bank also reported a net comprehensive gain of GH¢4.02 billion, reversing the GH¢9.19 billion loss recorded in 2023. This marks a strong turnaround in overall financial management.
Its equity position improved by GH¢4.02 billion, reducing the negative equity to GH¢61.32 billion—an encouraging development for the bank’s long-term stability.
The central bank attributed the operational loss mainly to the cost of open market operations, which amounted to GH¢8.60 billion, alongside revaluation and exchange differences of GH¢3.49 billion and currency issue expenses.
“The publication of the 2024 financial statements reflects the Bank of Ghana’s commitment to transparency and accountability,” the bank stated, noting the release is in line with Section 58(1b) of the Bank of Ghana Act, 2002 (Act 612), as amended.
The Bank of Ghana reaffirmed its dedication to maintaining price and financial stability, saying it remains focused on creating a conducive environment for economic growth.
