Government to recapitalise BoG after DDEP losses - BoG Governor

The Governor of the Bank of Ghana, Dr Johnson Asiama, has disclosed the government’s support for recapitalising the central bank following the balance sheet strain recorded during the Domestic Debt Exchange Programme (DDEP).

Speaking at the 128th Monetary Policy Committee (MPC) press briefing on January 28, 2026, Dr Asiama said discussions on the bank’s recapitalisation have been fruitful, adding that the process is crucial to the central bank’s development and strategic positioning.

“I believe in the government’s commitment to recapitalise the central bank following the hit it took to protect the economy amid the domestic debt restructuring programme. So far, discussions with the government have been fruitful, and there is support to help repair the bank’s balance sheet,” he said.

He added that restoring the BoG’s capital position will help stabilise market conditions and close loopholes within Ghana’s financial landscape.

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“It is only fair that the wounds suffered as a result are addressed. The recapitalisation process will safeguard the central bank’s ability to operate independently and maintain confidence in monetary policy,” he emphasised.

The government recapitalised some commercial banks in 2025.

According to Dr Asiama, these banks have since reported strong financial records, signaling an improved environment for banking operations in the country.

He noted that as of the end of 2025, 21 out of 23 licensed banks had met the required capital adequacy thresholds, with two banks granted a deadline of end of March 2026 to fully comply.

“We have two more banks that are yet to meet the requirement, but they have been given until the end of March 2026. Overall, we have made significant progress on the recapitalisation strategy, and we are monitoring closely to ensure full compliance,” he stressed.

SP/AE

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