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The Bank of Ghana (BoG) has reported an operational loss of GHc15.63 billion ($1.42 billion USD) for 2025, a 65% increase from 2024. This has pushed total negative equity to GHc93.82 billion ($8.53 billion USD). While the Majority defends the losses as the necessary cost of stabilizing inflation (which peaked at 54% in 2022) and the cedi, the Minority, led by Ranking Member Kojo Oppong Nkrumah, accuses the bank of concealing a true loss potentially as high as GHc44 billion (~$4 billion USD).
A central bank with massive negative equity may become 'policy insolvent,' losing its ability to fight inflation or defend the currency without printing money, which could trigger a new inflationary cycle as Ghana prepares to exit its IMF program.
Ghana entered an IMF program in 2022-2023 following extreme economic distress. The central bank previously absorbed heavy losses during the Domestic Debt Exchange Programme (DDEP) to support the government's fiscal targets.
Former National Food and Buffer Stock Company (NAFCO) CEO Hanan Abdul-Wahab and his wife were re-arrested by the Economic and Organised Crime Office (EOCO) immediately after being discharged by a High Court for an alleged GHc78 million ($7.09 million USD) loss to the state. Concurrently, the National Signals Bureau trial revealed that former Director-General Kwabena Adu-Boahene and his wife allegedly pre-signed cheques for a GHc49.1 million ($4.46 million USD) cyber defense system that was reportedly never delivered.
Whether the 'fresh evidence' cited by the Attorney-General leads to more expansive charges involving other high-ranking officials in the previous administration.
The government has signed a term sheet with Eni Ghana and Vitol for the OCTP gas expansion, aiming to boost domestic output to 350 million standard cubic feet per day by 2028. To support regional reliability, the Electricity Company of Ghana (ECG) is investing GHc1.11 billion (~$100.9 million USD) in the Ashanti Region to deploy 300 new transformers and increase transmission capacity from 265 to 400 megawatts.
The expansion of non-associated gas production reduces reliance on energy imports and provides a more stable outlook for the manufacturing sector, which has been plagued by power fluctuations.
Improved power stability in the Ashanti Region and other areas reduces the operational cost of family businesses and personal properties you may be maintaining back home.
In April 2026 alone, the government raised GHc20.48 billion (~$1.86 billion USD) through Treasury bill auctions, with the 91-day bill remaining the most popular. However, the cedi has depreciated 5.86% against the dollar since January. The Bank of Ghana sold $1.35 billion USD in April to manage this volatility, with another $350 million USD intervention planned.
High domestic interest rates (indicated by T-bill popularity) provide attractive returns for short-term capital but make it expensive for local businesses to borrow for expansion.
The Medical Laboratory Professional Workers' Union (MELPWU) has declared a nationwide strike starting May 12, 2026, over leadership disputes at Korle-Bu. Meanwhile, environmental health concerns have peaked as University of Ghana researchers warn that carbon dioxide levels in hospital wards exceed safe limits due to poor ventilation.
Government mediation efforts before May 12 to prevent a total shutdown of diagnostic services across public hospitals.
Seven teachers were arrested in the Central, Bono, and Ashanti regions for using AI tools and mobile phones to assist candidates during the BECE. Simultaneously, the NAiMOS taskforce dismantled a 'galamsey' syndicate in Mankraso, arresting three Chinese nationals and four Ghanaians for polluting the Mankran River.
The BECE (Basic Education Certificate Examination) is the high-stakes gateway to Senior High School. The use of AI tools represents a new technological frontier in examination malpractice that WAEC is struggling to contain.
Belgian-Ghanaian forward Jeremy Doku scored a 97th-minute equalizer in Manchester City's 3-3 draw with Everton. The match was marred by the arrest of a 71-year-old supporter for racially abusing City’s Antoine Semenyo (a Black Stars regular).
Black Stars context: While Doku represents Belgium, Semenyo’s presence in the Premier League remains vital for Ghana's 2026 World Cup hopes. Any injury or psychological toll from such incidents is monitored closely by the GFA.
The GFA has appointed South African Roger De Sa as assistant to Carlos Queiroz. Meanwhile, midfielder Daniel-Kofi Kyereh has returned to training with SC Freiburg after a three-year ACL injury hiatus, targeting a spot in the 2026 World Cup squad.
The 27th Telecel Ghana Music Awards has moved its May 9 ceremony from the Palms Convention Centre to the Grand Arena at the Accra International Conference Centre due to high demand.
The move back to the Grand Arena reflects the growing commercial scale of the Ghanaian music industry and the need for superior production infrastructure for televised broadcasts.
Today we covered the escalating financial crisis at the Bank of Ghana, the aggressive re-arrest of the former NAFCO CEO, and the massive infrastructure developments aimed at securing Ghana's energy and transport future. Thank you for reading the Ghana News AI Daily Brief!
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