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Minority raises red flag in Parliament over delayed Bank of Ghana 2025 audited accounts

Minority raises red flag in Parliament over delayed Bank of Ghana 2025 audited accounts

The Minority Caucus in Parliament has intensified pressure on the government over delays in presenting the Bank of Ghana’s (BoG) 2025 audited financial statements to Parliament, warning that failure to comply with statutory timelines could amount to a breach of the law.

The concern was raised on the floor of Parliament on Friday by the Member of Parliament for Ofoase-Ayirebi and Ranking Member on the Economy and Development Committee, Kojo Oppong Nkrumah, during discussions on parliamentary business for the final week of May.

His intervention comes amid ongoing political tension between the governing National Democratic Congress (NDC) and the opposition New Patriotic Party (NPP) over the central bank’s financial position and reported losses.

The Minority has accused the government of attempting to manage public perception of the Bank of Ghana’s accounts before they are formally laid before Parliament for scrutiny and debate.

Mr. Oppong Nkrumah cited Section 58 of the Bank of Ghana Act, 2002 (Act 612), which requires the central bank to complete its audited accounts within three months after the end of the financial year and submit them through the Finance Minister for gazetting and parliamentary presentation.

He expressed concern that Parliament had moved beyond April and was approaching the end of May without any indication that the audited accounts would be presented to the House.

According to him, the absence of the report in the parliamentary business statement raises questions about compliance with statutory requirements and risks putting the institution in breach of the law.

He therefore called on the Majority Leader to clarify whether the government intended to present the report within the required timeframe and urged prompt action to avoid procedural violations.

In response, Majority Leader Mahama Ayariga acknowledged the concerns and assured the House that he would immediately engage the Finance Minister and the Governor of the Bank of Ghana on the matter.

He further indicated that the Bank of Ghana had previously assured him of its readiness to meet the required timelines and that the eventual presentation of the report would generate significant public and parliamentary interest given ongoing debates about economic management.

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