The Bank of Ghana is seeking a GHC 53 billion bailout to address negative equity issues caused by significant losses, primarily from the government’s debt restructuring program. Finance Minister Dr. Forson underscores the importance of this financial support for stabilizing the central bank’s operations and the broader economy.
The Bank of Ghana (BoG) is actively pursuing a financial support package amounting to GHC 53 billion, as stated by Finance Minister Dr. Cassiel Ato Forson. This initiative aims to reinforce the central bank’s operations and address its alarming negative equity situation. During the presentation of the 2025 Budget Statement on March 11, Dr. Forson articulated the need for such a bailout to navigate the current financial challenges facing the BoG.
In summary, the Bank of Ghana’s request for a GHC 53 billion bailout highlights urgent financial challenges stemming from substantial losses incurred in previous years. The significant toll of government debt restructuring and compounded losses has led to a critical negative equity situation. Securing this bailout is deemed vital for restoring financial stability and confidence in Ghana’s economy.
Original Source: www.ghanaweb.com
