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Home Politics

Majority Caucus Commends Bank of Ghana for ‘Difficult But Necessary’ Decisions

May 5, 2026
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The Majority Caucus in Parliament has lauded the Bank of Ghana for making “difficult but necessary” policy decisions to stabilise the economy against domestic and global volatility.

Speaking for the Caucus and the Government, Hon. Eric Afful, MP for Amenfi West and Chairperson of the Economy and Development Committee, offered context for the Bank’s 2025 financial results.

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Despite audited reports showing significant losses, Hon. Afful argued that the central bank deserved credit for its economic management under duress.

“The Bank of Ghana has taken difficult but necessary policy decisions to stabilize the economy, and we commend them for their stewardship,” he remarked.

In response to weeks of debate and Minority criticism regarding the scale of these losses, the Majority urged the public to view the figures through a policy-oriented lens.

Hon. Afful emphasised the need for transparency, stating: “We have considered it necessary, in the interest of transparency and informed public discourse, to provide clarity, context and reassurance regarding the Bank of Ghana’s 2025 financial results.”

Concluding the briefing, which sought to reaffirm confidence in the bank’s leadership despite the reported deficit, he added: “We find it important to place the 2025 financials of the Bank of Ghana within their proper economic and policy context.”

By: Rainbowradioonline.com/Ghana

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