Governor of the Bank of Ghana has revealed that as of February 2025, an amount of $230 million has been paid to the contractor of the new Bank of Ghana building project located at Ridge in Accra.
Dr. Johnson Asiama while addressing Parliament on the cost of the project on Wednesday, March 5, 2025 said currently, there is an outstanding debt of $31.8 million to be paid to the contractor.
“Mr. Speaker as of February this year, a total of $230 million approximately has been paid towards the project with an outstanding of $31.8 million to be paid to the contractor,” he stated.
An amount of $43.8 million has also been paid in taxes and levies that were related to the construction.
The former BoG Governor faced heavy criticism over the project, with the then-Minority in Parliament demanding the resignation of Dr. Ernest Addison and his deputies.
According to Governor Asiama, due to statutory requirements, security needs and sustainability considerations, the total project cost increased to $261.8 million as against the $250 million earlier estimated cost.
He added that separate contracts were awarded for other infrastructure including ICT system and network infrastructure which was awarded at a cost of $8.6 million, Integrated Electronic Security System which was also awarded at a cost of $15.8 million and furniture was also awarded at $11.1 million.
Ex-President Akufo-Addo on Wednesday, November 20, 2024 inaugurated the new state-of-the-art headquarters of the Bank of Ghana (BoG) in Accra.
In his address, President Akufo-Addo emphasised the importance of the new facility in modernising Ghana’s financial infrastructure.
He commended the Bank of Ghana for its commitment to innovation and efficiency in its operations, stating, “This new headquarters will serve as the new command centre for the bank’s operations. Fostering innovation, collaboration and excellence in its service to the nation.
“It will also reinforce the bank’s capacity for advance critical financial sector reforms, enhance regulatory frameworks and improve the investment climate for both domestic and international stakeholders,” he stated.
