Since you earned less than the Ghs15 you could have made, you have effectively incurred an economic loss. Every economic policy intervention must be evaluated on its incremental economic value and aligned with its economic objectives. Simply put, “an accounting loss or financial loss is not an economic loss! The US$214mn (Ghs2.4bn) is a policy cost and not a loss, as its economic policy outcomes outweigh its financial cost. The existence and quantum of disparities between Bank of Ghana foreign exchange rates and open market rates are counterproductive and lead to foreign exchange losses.

Source: GhanaWeb December 31, 2025 19:29 UTC