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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Bank of Ghana (BoG) has posted a GH¢ 4.02 billion improvement in its negative equity position, reducing it from GH¢ 65.34 billion in 2023 to GH¢ 61.32 billion at the close of the 2024 financial year.
This is according to the central bank’s audited financial statements for 2024, released in line with its statutory obligations and commitment to transparency and sound financial governance.
Despite the improvement in its equity position, the Bank recorded an operating loss of GH¢ 9.49 billion for the year under review, lower than the GH¢ 13.23 billion loss reported in 2023.
According to the BoG, the GH¢ 9.49 billion operating loss stemmed from total operating income of GH¢ 9.40 billion falling short of total operating expenses, which amounted to GH¢ 18.89 billion.
Source: newsthemegh.com