Finance Minister Dr. Cassiel Ato Forson has announced that the Bank of Ghana (BoG) is seeking a GH₵53 billion bailout to address its negative equity challenge.
Presenting the 2025 Budget Statement and Economic Policy in Parliament on Tuesday, March 11, he stressed that the central bank was in severe financial distress and urgently needed the bailout to restore stability.
“The BoG is also seeking an amount of GH₵53 billion as a bailout to be able to address their negative equity challenge,” Dr. Forson stated.
He also disclosed that total central government arrears had reached GH₵67.5 billion as of December 2024, accounting for 5.2% of Ghana’s GDP, with the road sector alone recording arrears of GH₵21 billion.
“At the end of December 2024, total central government arrears amounted to GH₵67.5 billion, representing 5.2% of GDP, with the road sector recording arrears of GH₵21 billion,” he explained.