Sources within the Bank of Ghana have revealed that the central bank is considering selling its newly commissioned, state-of-the-art headquarters in Accra, known as The Bank Square, less than two years after its inauguration. This potential move comes as the bank reportedly seeks to bolster its financial standing following recent operational losses.
Context: A Legacy Project Under Scrutiny
The Bank Square, a sprawling multi-purpose complex, was unveiled as a significant legacy project under the previous Akufo-Addo administration. Constructed at a cost exceeding $260 million, the facility was intended to replace the Bank of Ghana’s (BoG) previous headquarters, which had served for 69 years and was deemed inadequate and unsafe.
Construction on the ambitious project began in 2019, with plans for a new office existing since the 1990s. The new headquarters was officially commissioned by President Akufo-Addo in November 2024. At the time, then Governor Dr. Ernest Addison hailed it as
Leave a Reply