The Bank of Ghana uploaded a revenue of 1.8 billion cedis for 2019.
This has to do with two times the operating loss of 793 million cedis it recorded in 2018 by Bank of Ghana
This has largely been credited to the strong performance the central bank uploaded for the year under review.
For 2019, the Bank of Ghana earnings from costs, fines charged to commercial financial institutions, passions among others, reached 5.85 billion cedis compared to the 3.12 billion cedis recorded in 2018.
Though the central bank’s expenditure items such as personnel costs, rent, repairs, and renewals increased from 3.92 to 4 billion cedis between 2018 and 2019, it posted more income for 2019 which contributed to the profit.
On the other hand, the banking field regulator’s total possessions, which are those products it can lay claim to; boosted by 16% within the one year period; from 59 to concerning 69 billion cedis.
Of this, securities such as long-term government bonds, topped with a share of 46.2 billion cedis; adhered to by cash and balances with correspondent financial institutions at 7.4 billion cedis, while balances with the IMF tape-recorded the third-highest of 5.34 billion cedis.
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Additionally, overall liabilities which are those items that the central bank can not claim; additionally increased by 13.4% to tape 67 billion cedis from the 59 billion cedis videotaped in 2018.
Deposits with the central bank making up those facilities coming from the government of Ghana and also other banks added the greatest of 19.4 billion cedis.
It is adhered to by money in circulation and responsibilities to the IMF with a share of 16.3 as well as 10 billion cedis.
Despite the solid performance posted by the Bank of Ghana in 2019, the Board did not accept the settlements of returns for the year.
