Ghana’s Central Bank Unveils Modern Headquarters Amid Economic Discussions.
The Bank of Ghana (BoG) is set to mark a significant milestone with the inauguration of its new $250 million headquarters, dubbed “The Bank Square,” on November 20, 2024. President Nana Addo Dankwa Akufo-Addo will lead the invitation-only ceremony starting at 10 am in Accra.
Key Highlights:
- Project Cost: US$250 million
- Location: Accra, Ghana
- Opening Date: November 20, 2024
- Name: “The Bank Square”
The construction project sparked public debate following the Central Bank’s GH¢60 billion loss in 2022. However, BoG officials have defended the investment, citing crucial factors:
Safety Considerations:
- Current building lacks earthquake resistance
- Vulnerable to natural disasters
- Need for modern security features
Stephen Opata, Special Advisor to the BoG Governor, explained: “The project was already well advanced. Stopping it midway would not have been the best decision under the circumstances.”
The new headquarters represents a significant upgrade to Ghana’s financial infrastructure, despite the timing controversy amid recent economic challenges. The state-of-the-art facility aims to enhance the Central Bank’s operational capabilities and security measures.
