BoG Governor Dr. Johnson Asiama has disclosed that furnishing the new Bank of Ghana headquarters will cost $11.1 million, with total project payments reaching $230 million as of February 2025.
The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has revealed that furnishing and equipping the Central Bank’s newly constructed headquarters will cost $11.1 million.
Addressing Parliament on Wednesday, March 5, 2025, Dr. Asiama provided a financial breakdown of the project, disclosing that approximately $230 million had been paid towards its construction as of February 2025, with an outstanding balance of $31.8 million yet to be settled.
“Mr. Speaker, as of February this year, a total of $230 million approximately has been paid towards the project, with an outstanding balance of $31.8 million to be paid to the contractor. Mr. Speaker, a total of $48.3 million has been paid in taxes and levies that were related to the construction,” he stated.
He further outlined additional costs beyond the core building, including ICT systems and network infrastructure valued at $8.6 million, integrated electronic systems at $15.8 million, and furniture and furnishings awarded at $11.1 million.
“Mr. Speaker, beyond the core building, separate contracts were awarded for other infrastructure. This includes ICT systems and network infrastructure, which was awarded at a cost of $8.6 million; integrated electronic systems, which was also awarded at a cost of $15.8 million; and furniture and furnishings that was also awarded at $11.1 million,” Dr. Asiama explained.
The BoG’s new state-of-the-art headquarters, inaugurated on November 20, 2024, by former president Nana Akufo-Addo has faced scrutiny, with critics questioning the project’s cost.
However, the new governor, Dr. Asiama defended the investment, stating that the previous BoG office had structural defects and was no longer fit for purpose.
