Bank of Ghana’s negative equity should not come as a surprise – Minority

Member of Parliament for Offinso North and a member of Parliament's Economy and Development Committee, Fred Kyei Asamoah, says current concerns about the Bank of Ghana's negative equity should not come as a surprise, insisting that questions surrounding some of the central bank's operations had been raised years earlier.

Mr Kyei Asamoah added that the Minority later sought to have the central bank appear before a bipartisan parliamentary group to provide further explanations on some of its programmes to prevent additional financial losses.

His comments come amid renewed debate over the Bank of Ghana's financial position and whether the central bank's negative equity amounts to technical insolvency.