The Majority in Parliament has taken aim at the Nana Addo Dankwa Akufo-Addo administration, accusing it of failing to deliver macroeconomic stability despite significant losses recorded by the Bank of Ghana between 2022 and 2024.

Chairman of Parliament’s Economy and Development Committee and Member of Parliament for Amenfi West, Eric Afful, said the central bank’s cumulative losses—exceeding GH₵80 billion over the period—did not translate into improved economic conditions.

Speaking to journalists, he outlined key indicators he said reflected continued economic strain, including persistently high inflation, a weakening cedi, and limited external reserves.

Mr Afful noted that inflation peaked above 54 percent in 2022 before easing to around 24 percent by the end of 2024, while the cedi depreciated significantly, reaching roughly GH₵14 to the dollar by December 2024.

He added that gross international reserves stood at about $9.3 billion in 2024, covering approximately four months of imports, while the Bank’s equity position remained in negative territory, though it showed slight improvement between 2023 and 2024.

According to him, the GH₵15.6 billion loss recorded by the central bank in 2025 should be viewed within the broader context of policy measures aimed at stabilising the economy.

He argued that the outcome reflects ongoing interventions rather than a standalone financial performance issue.