BOG REGISTERS ¢1.23BN PROFIT IN 2021

April 23, 2022
3 years ago

According to the Bank of Ghana's (BoG) 2021 Audited Financial Statement, the bank made a profit of $1.23 billion in 2021, down from $1.57 billion in 2020.

 

 

 

A total of 981.4 million dollars has been put aside from the revenue to buy gold and other foreign assets.

 

 

 

A total of 372.11 million (2020: 403.37 million) has also been put aside as approved expenditures from reserves for gold purchase, asset replacement, contingencies, emergency interventions, corporate social responsibility, and other purposes, according to the statement.

 

 

 

In 2021, the Central Bank generated $3.46 billion in interest revenue and $209.6 million in fees and commissions, according to the financial statement.

 

 

 

It did, however, post an operating expenditure of $3.75 billion, down from $4.28 billion in 2020.