Liquidity Control Measures Cost BoG GH¢8.6 Billion in 2024

Navigating post-DDEP liquidity challenges in the banking sector: A strategic approach

By Temilola Aderonke ONALAJA Ghana’s Domestic Debt Exchange Programme (DDEP) has significantly impacted the country’s banking sector, leading to liquidity constraints and reduced credit availability. This article examines the current financial landscape, identifies key challenges, and proposes strategic interventions rooted in the S.T.A.R. Strategy: Synergy, Technology, Analytical Precision, and Risk Mitigation – to stabilize and revitalize the …

BoG sees improvement in financial performance despite loss

The Bank of Ghana (BoG) saw an improved performance in its financial performance and position in 2024 relative to the performance of 2023. The Bank reported a loss of GH¢9.49 billion in the period un­der review compared to the loss of GH¢10.5 billion the previous year. In the year under review, the BoG saw an enhancement in its equity position, as the GH¢4.02 billion enhancement in its equity position to close the year 2024 at a negative value o…

Bank of Ghana Spends GH¢8.6 Billion on Inflation Control

The Bank of Ghana spent GH¢8.6 billion on open market operations in 2024 as part of its efforts to curb inflation and stabilize the economy, contributing significantly to its annual operating loss of GH¢9.49 billion. According to its 2024 annual report, the central bank absorbed GH¢134 billion in excess liquidity, equivalent to 1.7% of GDP, through monetary policy tools such as securities issuance and sterilisation instruments. While these measu…

Liquidity control measures cost BoG GH¢8.6 billion in 2024

Bank of Ghana Headquarters The Bank of Ghana (BoG) incurred a cost of GH¢8.6billion in 2024 for its open market operations (OMO), making it one of the primary contributors to the central bank’s annual operating loss of GH¢9.49billion. The operations, aimed at mopping up excess liquidity to contain inflation and restore macroeconomic stability, underscore the […] The post Liquidity control measures cost BoG GH¢8.6 billion in 2024 appeared first o…

BoG posts GHS 9.5bn loss in 2024; restates 2023 loss to GHS 13bn

The Bank of Ghana (BoG) has released its 2024 financial statements showing a loss of GHS 9.49 billion. This represents their third straight year of posting a loss after the GHS 60.8bn loss in 2022 and the GHS 13.2bn loss in 2023 (restated upwards from GHS 10.5bn). Total operating income was GHS 9.4bn with operating […]