Evaluating Profit and Loss in ASM G4R Success Metrics

The Bank of Ghana (BoG) has clarified that its ASM G4R programme should not be assessed on the basis of profit and loss, as it is a non-profit monetary policy intervention.

According to the BoG, the programme was never designed to generate profit and has not generated any profit since its inception in 2022.

The central bank explained that the right way to assess the G4R programme is to look at its attainment of its objective, which is the accumulation of foreign reserves for economic stability.

Economic policies, the BoG noted, are assessed on the basis of their cost versus benefits, and not on the simplistic basis of profit or loss from a strict accounting perspective.

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