BoG Records GH¢9.49 Billion Operating Loss For 2024: Ebei!
Colaboradores
Ei Ghana! The Bank of Ghana (BoG) say dem chop operating loss of GH¢9.49 billion for 2024. Wey kind tin be dis? Even though e be say dem dey improve small, de figures still dey show say times hard for the central bank. Last year, dem chop loss wey reach GH¢13.23 billion, but dis year dey show say e reduce small.
According to de financial statements wey dem release, de GH¢9.49 billion loss dey come from income wey be GH¢9.40 billion. But den, de operating expenses dey pass dat one, e reach GH¢18.89 billion! Chale, dis dey show say BoG dey face some serious financial wahala.
Weytin Cause De Loss?
De report dey talk say three tins make de loss happen. First, dem spend GH¢8.60 billion for open market operations – de way dem dey use manage money and fight inflation. Second, dem lose GH¢3.49 billion from exchange rate wahala, including GH¢1.82 billion wey dey tie to de government ein Gold-for-Oil program. Last, currency issuance expenses rise go GH¢1.01 billion from GH¢0.69 billion for de previous year.
Small Hope Dey!
Even though de losses dey, BoG talk say dem get net comprehensive gain of GH¢4.02 billion for 2024. Last year, dem chop loss of GH¢9.19 billion. Dis one dey make dem ein equity position improve small, even though e still dey negative at GH¢61.32 billion. But e better pass de GH¢65.34 billion wey dem report last year.
- Cost of open market operations: GH¢8.60 billion
- Revaluation and exchange rate losses: GH¢3.49 billion
- Currency issuance expenses: GH¢1.01 billion
BoG say de gain dey come from change for accounting treatment of gold, special drawing rights (SDRs), and foreign securities. Dis one dey help dem cover some of de operational wahala.