RageInc.🇬🇭

Economist & Banker📈|Student of world's politics🌎|Intuitive analyst|Entrepreneur|CEO-Rage Sports &Image Rights Management Inc.|Proud Akatamanso

[RageInc.🇬🇭 @Comrade_RageX]

🤣Who say man no dey? Sammy Gyamfi the chief tormentor.

[Sammy Gyamfi @SammyGyamfi_]

Dear Hon. @konkrumah

My attention has just been drawn to a Facebook post of yours which purports to respond to my submission on yesterday’s edition of the KEYPOINTS show on @tv3_ghana about your deceptive analysis of the 2025 audited financials of the Bank of Ghana (BoG).

At the second paragraph of the said Facebook post, a snapshot of which is attached herewith, you claim that that “the BoG recorded a TOTAL LOSS of GHS34.9bn”.

But Kojo, was this the claim you made at your press conference of Sunday, 3rd May 2026??? The answer is a big fat NO.

Your attempt to justify the falsehoods you peddled about the 2025 audited financial statements of the BoG by shifting the goal post, is rather exposing your dishonesty.

Since you will never accept to debate me on this issue on any media platform, for fear of being exposed, as your custom is, I will proceed to respond to you here.

Kojo, in your press statement of Sunday, 3rd May, 2026, you stated that:

1. The “TRUE OPERATING LOSS” of the BoG for 2025 was 34.9 billion cedis. No where in your press statement did you say that “total loss” (total comprehensive income) of the BoG for 2025 was 34.9 billion cedis as you are suggesting now. Throughout your press statement you made the point, that the 34.9 billion loss figure you put out, related to “operating loss” of the BoG for 2025. Don’t shift the goal post now Chief.

2. You further stated in your press statement, that the “TOTAL OPERATING LOSS” of the BoG for 2025 was actually 44 billion cedis; a false claim you now appear to have completely abandoned after your voodoo analysis was exposed.

Find below a direct quote from the press statement you read and released to the media on Sunday 3rd May, 2026 to refresh your memory. I have also attached a screenshot for ease of reference.

“The Government and its spin doctors led by the NDC party officials who did the Press Conference, are trying to convince the people of Ghana that the loss is GHS 15.6 Billion. We regret to tell the people of Ghana that this is not true. The true Operating loss of the Bank is actually GHS 34.9 billion Cedis. And In fact, if you add back the GHS 9.6 billion proceeds from the Gold Sales (which was hurriedly done to reduce the loss as at September) the recalculated loss is actually GHS 44 billion.”

“As they always say, the cover up is worse than crime. The attempt to cover up the true operating loss of the bank is what is most troubling.
The BOG has employed a combination of artificial revenue recognition on one hand, and clever accounting standards on another hand in their attempt to cover up this loss.”

“The proof of this can be found on Page 16 of the Accounts where they report the consolidated income of the Bank. On that page, the bank admits that in addition to the GHS 15.6 billion Headline they have reported, they have also made an additional loss of GHS 19.3 Billion in other comprehensive income. GHS 15.6 + GHS 19.3 = GHS 34.9 (approximately GHS 35 billion). And if you add back the sold Gold it is GHS 44 billion loss.”

End of quote.

Kojo, I am sure that after reading this quotation of yours, you will accept the fact that you lied to the good people of Ghana about the true OPERATING LOSS of the BoG for the year 2025 and apologize for the voodoo mathematics you engaged in.

I maintain that the “operating loss” recorded in the audited financials of the BoG for the year 2025 is GHS15.6 billion. And that, the audited income statement (P&L) is what is relevant in assessing the financial health of the Bank, and not the Other Comprehensive Income statement, that mainly captures unrealized revaluation gains/losses and exchange differences.

My brother KON, you lied! Apologize and let’s move on. But if you want to litigate this matter further, stop responding to me on Facebook. You are welcome to select any media platform of your choice and a date and time of your convenience for a debate.

[RageInc.🇬🇭 @Comrade_RageX]

All hail @SammyGyamfi_, aka “Akwaadaa Nyame”, the giant killer and destroyer of lies and propaganda. A fearless voice of facts, nothing but pure facts.

[RageInc.🇬🇭 @Comrade_RageX]

@Adu_parkoh1 @tech_twi Granted, how would he coming to rant here on X solve anything? The fact that he decided to run to street with such half-baked info without proceeding to know from his sister, first, particulars of this unscrupulous person for tracking, points to a silly whiner & an unpatriotic.

[CAPTAIN PLANET 4X4 @CAPTAINPLANETGH]

Ghana it’s time to stop politicization. This man is really trying to move this country forward thats my opinion. 🤷🏼‍♂️

We go do NPP NDC , NDC NPP saa then nothing go happen.

Only a witch who doesn’t like good things to happen to this country.

[RageInc.🇬🇭 @Comrade_RageX]

At first glance, you might think the folly of the NPP is limited to Afenyo-Markin, Jerry Ahmed, etal.; but, to our shock, it extends far beyond them - a manifest pattern of groomed downlines marked by sick IQs, loud but hollow claims, weak arguments and illiteracy. Wei....

[RageInc.🇬🇭 @Comrade_RageX]

Of all the noble and intelligent men and women of Weija-Gbawe Constituency, this landguard is what they can have for an MP? Shocking

[RageInc.🇬🇭 @Comrade_RageX]

This is shifting the goalposts. You said he was never a CEO under Akufo-Addo. Evidence proved otherwise; you should admit & make amends, not take refuge in the “short stint” excuse of “he only lasted two weeks.” In any case, how does this shift justify your earlier claim, my ask?

[Alfred @CallmeAlfredo]

Conspiracies are always interesting. Mark Awuah Baah was not the GRIDCo boss under the previous administration. He has been involved with GRIDCo since at least 2008. Ebenezer Essienyi was the previous CEO. Yet, to push a “sabotage” narrative, some claim that Mark was the GRIDCo boss under the previous administration and was retained by the current administration. It was the current administration that made him CEO. He wasn’t CEO when this administration took over.

[RageInc.🇬🇭 @Comrade_RageX]

Substance over form. Consider Ghana’s total electricity demand of about 4,000 MW, minus roughly 1,000 MW from Akosombo substation (nearly 1/4 of national supply), and tell me if the impact on consumers would be the same..Y'all be forming woke but extremely daft in reality.

[Tech In Twi @tech_twi]

This guy has no sense. He doesn’t even know that 1000W is just a single electric kettle, and even most laptops use a 330W charger. So he’s saying a loss of 1000W caused a nationwide power outage, and his followers believe it and like it. 😂😂😂

[( Dr. Yahuakyire ) @Goodmanxy]

@weloveghana042 That’s the difference between NDC and NPP… the NDC always bold and do the right thing even if it hurts them … but the NPP takes more populist approach to things than the NDC.. the NDC is very bold I swear… seriously..!

[RageInc.🇬🇭 @Comrade_RageX]

@Goodmanxy @weloveghana042 No truer words ever said bro

[RageInc.🇬🇭 @Comrade_RageX]

Now my Minister and Government talking. More to come for those obstructing progress. Kudos✌

[RageInc.🇬🇭 @Comrade_RageX]

Slightest chance, the NDC would throw a member under the bus in order to appease those who don't want them much. What truth did Dr. Mary Awusi not say? And how necessary were the tears?

[RageInc.🇬🇭 @Comrade_RageX]

@GcugcwaM @ShweleNgelosi How better is SA with about 60% unemployment rate as opposed to 14% of Ghana? Again, have you asked how better they are with highest crime rate in the entirety of Africa. Tell me something I don't know

[RageInc.🇬🇭 @Comrade_RageX]

@mkhon77501 @ShweleNgelosi There are about 3194 South Africans in Ghana. Does this imply your government hate those too? But i am the least surprised because you retards are bound by these effusions. Useless and hexagon-headed chimps

[RageInc.🇬🇭 @Comrade_RageX]

@ShweleNgelosi @ramalokot If people are living illegally in your country that's why you law enforcement bodies. International law demand civility and due process of law. You touts and unhinged dogs don't go chasing everyone even including documented ones just because you feel they are your problems

[RageInc.🇬🇭 @Comrade_RageX]

@starman23401 @askghmedia This food would have been bought for less than priced for same equivalence in Ghana. By this, one can infer that at present, the Ghana cedi has a stronger purchasing power as compared to the Naira

[RageInc.🇬🇭 @Comrade_RageX]

Last week, it was the GRIDCo substation & some transformers that blew up in Bolga. Then this week, the Akosombo GRIDCo station of 1000kWh (about one-quarter of TGC), among others. When they said they would do everything to return to power, this is how they intend to realise it.

[RageInc.🇬🇭 @Comrade_RageX]

I miss @SammyGyamfi_’s effective communication and soft aggression. Like, who is @kbentil?

[RageInc.🇬🇭 @Comrade_RageX]

@S_OkudzetoAblak Bravo...but it should end there. Seek your co-foreign ministers within the AU to take to release a concerted stance against it, of which a failure on the part of the SA to contain it will lead to a full blown retaliation. The stupidity of these chimp heads must end at a point

[Sam Okudzeto Ablakwa @S_OkudzetoAblak]

I have this morning held a telephone conversation with my South African counterpart, His Excellency Ronald Lamola, Minister of International Relations and Cooperation. I called him on the trending videos about Ghanaians coming under extremely disturbing xenophobic attacks in South Africa.

The South African Foreign Minister has expressed his empathy with the victims and promised full scale investigations into the depressing incidents.

The Government of South Africa is set to hold a briefing with African Ambassadors later today.

I am also able to confirm that since yesterday, I have been in constant contact with Ghana’s High Commissioner in South Africa, His Excellency Benjamin Quarshie, coordinating our response.

I am gladdened that so far colleagues in our diplomatic mission have located the main victim in the viral video and are offering consular assistance. He is doing very well.

No Ghanaian life has been lost. We urge calm and confidence in our collective capacity to protect Ghanaians.

Let me assure compatriots that the Mahama Administration remains uncompromising about the welfare and safety of Ghanaians both home and abroad. We are determined to guarantee the protection of all citizens.

May these regrettable incidents never quench our Pan-African love and solidarity for each other. The overwhelming majority of Africans are united and share an unbreakable bond — we shall not be divided by the hatred of a few fringe elements.