Furnishing of new BoG headquarters will cost $11m – Governor

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The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has disclosed that furnishing the Central Bank’s new headquarters will cost $11 million.

The state-of-the-art facility, located in Accra, was inaugurated on November 20, 2024, by former President Nana Addo Dankwa Akufo-Addo, with key government officials, BoG executives, and leaders from the financial sector in attendance.

The BoG faced significant criticism over the project, with the then-Minority in Parliament calling for the resignation of former Governor Dr. Ernest Addison and his deputies.

In a presentation to Parliament on Wednesday, March 5, Dr. Asiama defended the decision, explaining that the old BoG office had structural issues and was no longer suitable for the bank’s operations.

He stated, “The furnishing of the new BoG headquarters will cost $11 million.”

Dr. Asiama reassured Parliament of the central bank’s commitment to prudent financial management and its role in maintaining financial stability.

The new facility is expected to enhance the BoG’s ability to regulate Ghana’s financial system while aligning with the government’s broader agenda for economic stability and financial sector growth.