Bank of Ghana Seeks GH₵53 Billion Bailout to Address Financial Challenges
In a significant announcement during the presentation of the 2025 Budget Statement and Economic Policy on March 11, 2025, Finance Minister Dr. Cassiel Ato Forson revealed that the Bank of Ghana (BoG) is requesting a GH₵53 billion bailout to resolve its financial difficulties caused by negative equity.Dr. Forson highlighted the central bank's dire need for substantial financial support to stabilize its operations and address the ongoing challenges. He explained that the bailout request is critical to help restore BoG’s financial health and ensure it can continue its functions effectively.Fiscal Pressures and Government ArrearsDr. Forson also addressed the wider fiscal challenges the government faces. He disclosed that as of December 2024, Ghana's total arrears had risen to GH₵67.5 billion, equivalent to 5.2% of the country’s GDP. A significant portion of this amount—GH₵21 billion—is attributed to the road sector.The Finance Minister expressed […]
