My priority is to reverse Bank of Ghana’s losses – Asiama

At his February 25 swearing-in, newly appointed Bank of Ghana Governor Dr. Johnson Asiama committed to reversing the bank’s negative equity a move he deems vital for financial stability, credibility, and public trust.

He outlined plans to review non-core operations, implement cost-saving measures, and craft clear policies to shift from negative to positive equity in the medium term.

The bank reported a GH¢10.50 billion loss in 2023—a marked improvement from a GH¢60.86 billion loss in 2022 yet liabilities still exceed assets by GH¢65.36 billion as of December 2023.

Dr. Asiama emphasized that the government’s reset path aims to restore trust, foster a transparent and stable financial system, and build an economy that supports growth and opportunity. He vowed to serve with diligence, impartiality, and commitment.