Furnishing New BoG Headquarters Cost $11.1 Million- Governor
The governor of the country’s Central Bank, Dr Johnson Pandit Asiama, has revealed over $11 million was spent on furnishing the building known as Bank Square.
The 100-meter building situated in Accra is the country’s tallest building currently.
The Governor, on appearing before Parliament on March 5, 2025, disclosed $11.1 million went into furniture and furnishings of the building which was commissioned in November 2024 by former President Nana Addo Dankwa Akufo-Addo.
“Mr Speaker, beyond the core building, separate contracts were awarded for other infrastructure. This includes ICC systems and network infrastructure at $8.6 million, integrated electronic security systems at $15.8 million, and furniture and furnishings at $11.1 million.”
Total Cost
Additionally, he noted that the building cost $ 261 million with approximately $230 million paid to the contractor as of February this year.
He said an outstanding balance of $31.8 million is still due to the contractor.
Audit
In his address, Asiama said Architectural and Engineering Services Limited (AESL) would be contracted to conduct a value-for-money audit into the amount spent on the building, subject to Board approval.
The aim is to bring clarity and for public trust which he deems to be significant to the Bank’s operations.
“The reconstituted Bank of Ghana Board will be sworn in next week and the board will begin reviewing some of these legacy issues. We have scheduled a board agenda of a detailed briefing of the new BoG building by the project management, and we intend to seek authorisation from the Board to engage AESL for a value-for-money audit into the new building. We believe this will bring clarity to the matter and closure to the issues of our new Bank of Ghana Building”.
Commitment
The BoG affirmed its commitment to the country’s financial stability.
“It is important to emphasise that the Bank of Ghana remains fully focused on its primary responsibilities—maintaining price stability, ensuring financial sector resilience, and fostering economic growth.”
Source: opemsuo.com/Hajara Fuseini
