{"id":461710,"date":"2018-08-02T16:43:34","date_gmt":"2018-08-02T15:43:34","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=461710"},"modified":"2018-08-02T16:43:34","modified_gmt":"2018-08-02T15:43:34","slug":"ghana-central-bank-reports-347-million-loss-in-2017","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/08\/02\/ghana-central-bank-reports-347-million-loss-in-2017\/","title":{"rendered":"Ghana: Central Bank Reports $ 347 Million Loss in 2017"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Central Bank of Ghana (BoG) recorded a loss of just over 347 million dollars (1.64 billion GH \u00a2) in 2017, according to its annual report announcing a pre-tax profit of 150 million dollars, that is 709.5 million GH \u00a2.<br \/>\nHowever, the report shows an impairment loss of $ 85.5 million in 2016 and a rebound of 208.49% to $ 275 million in 2017.<br \/>\nThe analysis of the depreciation performance shows that the situation is attributable to the regulator&#8217;s support to the Ghanaian banks the biggest contributors to the loss position.<br \/>\nStill according to the document, the total assets of the BoG increased from $ 10.53 million in 2016 to $ 11.6 billion in 2017, its loans and advances have dropped 14%, from $ 1.6 billion in 2016 to $ 1.3 billion following a reduction in its exposure to the banking industry.<br \/>\nAs a reminder, in September 2017, the central bank increased the bank&#8217;s stated capital from $ 25.4 million to $ 84.7 million with a December 2018 maturity.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Ghana (BoG) recorded a loss of just over 347 million dollars (1.64 billion GH \u00a2) in 2017, according to its annual report announcing a pre-tax profit of 150 million dollars, that is 709.5 million GH \u00a2. However, the report shows an impairment loss of $ 85.5 million in 2016 and a<\/p>\n","protected":false},"author":527297,"featured_media":461714,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12000],"tags":[15253,315,13398],"class_list":{"0":"post-461710","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"tag-bog","9":"tag-central-bank","10":"tag-ghana-en","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ghana: Central Bank Reports $ 347 Million Loss in 2017 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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