A Social commentator and youth activist Ivan Kyei Innocent has raised concerns over the financial position of the Bank of Ghana, questioning how the central bank intends to recover from reported losses exceeding GHS60 billion.

How do expect an inistitution with huge loss to quickly return to possitive equity, he queried  

Speaking on the state of the country’s financial sector on the Oman Ghana Nkusuo morning show hosted by Yaa Titi on Accra-based CTV, Ivan Kyei Innocent argued that the central bank’s previous role in financing government expenditure significantly weakened its balance sheet.

According to him, the Bank of Ghana at one point became heavily exposed as a financing instrument for government operations through money printing and the writing off of debts.

He suggested that such measures contributed to the central bank’s current financial challenges and raised doubts about how quickly the institution could return to positive equity.

His  comments come amid ongoing public discussions about the financial health of the Bank of Ghana and broader concerns over fiscal management and monetary policy by some elements in the New Patriotic Party particularly the former Minister of Finance, Mohammed Amin Adam .

According to him, the Bank of Ghana has previously attributed its financial losses to a combination of domestic debt restructuring measures, exchange rate pressures, and interventions aimed at stabilising the economy during periods of economic difficulty.