FULL TEXT: Inside BoG's 2025 Report and Financial Statements

The Bank of Ghana has released its Report and Financial Statements for the year ended December 31, 2025, prepared in accordance with national laws, including the Bank of Ghana Act and the Public Financial Management Act, alongside its internal accounting policies.

Although the legal framework mandates the use of International Financial Reporting Standards (IFRS), it also prescribes specific treatments for gold, special drawing rights (SDRs), and foreign securities that differ from IFRS as applied in Ghana.

As a result, the Bank adopts IFRS as a guiding framework but gives precedence to the Bank of Ghana Act in areas of conflict, leading to some departures from standard IFRS recognition and measurement rules.

In particular, foreign exchange gains and losses on certain assets are not recorded in profit or loss but transferred to a revaluation reserve, while gold is measured at fair value with changes recognised in other comprehensive income.

See the full report below: