The Bank of Ghana (BoG) will commission its newly constructed US$250 million headquarters, named “The Bank Square,\u201d on November 20, 2024 in Accra.<\/p>\n Last year, the construction of the new headquarters generated various debates after the Central Bank recorded losses worth GH\u00a260 billion in 2022.<\/p>\n Reports indicated that the bank paid approximately US$250 million for the project.<\/p>\n National Democratic Congress legislators and a cross-section of Ghanaians questioned the relevance of the move, especially when the bank had recorded net losses.<\/p>\n However, the Central Bank clarified that its current building is unable to withstand shocks in the event of earthquakes and other natural disasters.<\/p>\n It also added that the project could not have been halted since earlier costs had already been incurred.<\/p>\n In response, Special Advisor to the BoG Governor, Stephen Opata, said, \u201cThis project was already well advanced. Stopping it midway would not have been the best decision under the circumstances.”<\/p>\n Meanwhile, President Nana Addo Dankwa Akufo-Addo will be the special guest of honour at the ceremony, scheduled to start at 10 am. The event is strictly by invitation.<\/p>\n SSD\/MA<\/p>\n Watch the latest edition of BizTech below:<\/b><\/p>\n![\"Artist](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/724\/72405909.295.jpg\" "\\"Artist")
Artist impression of the new BoG headquarters<\/span><\/span><\/p>\n<\/div>\n