Bank of Ghana Publishes 2024 Financial Statements: Loss Reduces to GH¢9.49 Billion

The Bank of Ghana has released its 2024 financial statements, reporting a GH¢9.49 billion operating loss and a GH¢4.02 billion improvement in equity. Key cost drivers include Open Market Operations and exchange losses.

Isaac Mintah

Jun 5, 2025 - 16:02

Bank of Ghana Publishes 2024 Financial Statements: Loss Reduces to GH¢9.49 Billion

Dr. Johnson Pandit Asiama

The Bank of Ghana has officially published its 2024 Financial Statements in accordance with Section 58(1b) of the Bank of Ghana Act, 2002 (Act 612) as amended. The release offers an in-depth account of the central bank’s financial performance and position for the year ending 2024.

Key Highlights (2023 vs 2024):

Item	2023	2024
Operating Loss	GH¢13.23 billion (restated)	GH¢9.49 billion
Net Comprehensive Gain	Loss of GH¢9.19 billion	Gain of GH¢4.02 billion
Total Assets	GH¢140.41 billion	GH¢215.06 billion
Equity Position	Negative GH¢65.34 billion	Negative GH¢61.32 billion

The operating loss of GH¢9.49 billion for 2024 resulted from total operating income of GH¢9.40 billion, which fell short of total operating expenses of GH¢18.89 billion.

Key Drivers of the 2024 Operating Loss:

GH¢8.60 billion spent on Open Market Operations
GH¢3.49 billion in revaluation and exchange losses, including:

GH¢1.82 billion from the Gold-for-Oil Programme

Currency issue expenses increased to GH¢1.01 billion, from GH¢0.69 billion in 2023
Changes in accounting treatment of foreign exchange gains and losses related to gold, SDRs, and foreign securities

Summary:

Despite the reported loss, the Bank of Ghana showed signs of financial improvement in 2024. The equity position improved by GH¢4.02 billion, reducing the negative equity to GH¢61.32 billion.

The Bank emphasized that this publication reinforces its commitment to transparency, accountability, and sound financial governance. The full 2024 Financial Statements are accessible on the Bank’s official website.

Outlook:

The Bank of Ghana remains steadfast in maintaining price stability, financial resilience, and in fostering an environment where businesses and individuals can thrive.

Issued by: Communications Department

Date: June 5, 2025

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Isaac Mintah I’m Isaac Mintah, a Ghanaian entrepreneur and digital innovator passionate about building technology-driven solutions that create real impact. I’m committed to empowering communities, supporting local businesses, and inspiring the next generation of African entrepreneurs through digital platforms. I share content focused on tech, entrepreneurship, and practical ways to grow in the digital economy.