{"id":253374,"date":"2024-11-20T13:38:48","date_gmt":"2024-11-20T13:38:48","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/20\/akufo-addo-commissions-bank-of-ghanas-bank-square-headquarters\/"},"modified":"2024-11-20T13:38:48","modified_gmt":"2024-11-20T13:38:48","slug":"akufo-addo-commissions-bank-of-ghanas-bank-square-headquarters","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/20\/akufo-addo-commissions-bank-of-ghanas-bank-square-headquarters\/","title":{"rendered":"Akufo-Addo commissions Bank of Ghana&#8217;s Bank Square headquarters"},"content":{"rendered":"<br><div id=\"article-text\">\n                       \n                        \n<p class=\"wp-block-paragraph\">President Nana Akufo-Addo has officially commissioned the new Bank Square headquarters of the Bank of Ghana (BoG), a state-of-the-art facility designed to symbolise financial strength and modernity. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The commissioning ceremony, held in Accra on Wednesday, November 20, marked a historic milestone in the evolution of Ghana&#8217;s central bank, which has been a pillar of the nation&#8217;s economic independence since its establishment in 1957.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dignitaries from across Ghana and abroad attended the prestigious event, including Vice President Dr Mahamudu Bawumia, Finance Minister Dr Mohammed Amin Adam, First Lady Rebecca Akufo-Addo, Ga Mantse King Tackie Teiko Tsuru II, John Claude, Governor of the Central Bank of West African States amongst others.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" alt=\"\" class=\"wp-image-10032641774 lazyload ewww_webp_lazy_load\" style=\"width:819px;height:auto\" src=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/11\/President-Akufo-Addo-2.jpg\" decoding=\"async\" width=\"591\" height=\"283\" data-eio-rwidth=\"591\" data-eio-rheight=\"283\" src-webp=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/11\/President-Akufo-Addo-2.jpg.webp\"\/><img decoding=\"async\" src=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/11\/President-Akufo-Addo-2.jpg\" alt=\"\" class=\"wp-image-10032641774\" style=\"width:819px;height:auto\" data-eio=\"l\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In his address, President Akufo-Addo celebrated the BoG&#8217;s pivotal role in shaping the nation\u2019s economic landscape. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cToday is not just a celebration of a physical structure but a testament to the resilience and aspirations of our people,\u201d he stated. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He underscored the importance of the Bank Square as a symbol of financial innovation, stability, and sustainability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A Landmark of Financial Innovation<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The new headquarters, constructed by Ghanaian firm Berock Ventures Limited, represents the Bank of Ghana&#8217;s commitment to modernising its operations to meet the demands of a rapidly evolving financial sector. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The eco-friendly complex incorporates cutting-edge technologies and sustainable design principles, reflecting the central bank&#8217;s vision for a secure and dynamic financial future.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" alt=\"\" class=\"wp-image-10032641776 lazyload ewww_webp_lazy_load\" style=\"width:828px;height:auto\" src=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/11\/dfg.jpg\" decoding=\"async\" width=\"685\" height=\"313\" data-eio-rwidth=\"685\" data-eio-rheight=\"313\" src-webp=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/11\/dfg.jpg.webp\"\/><img decoding=\"async\" src=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/11\/dfg.jpg\" alt=\"\" class=\"wp-image-10032641776\" style=\"width:828px;height:auto\" data-eio=\"l\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe original headquarters, which has served us since 1957, had become inadequate for the complexity of the Bank\u2019s operations. This new facility embodies the resilience of our institution and our determination to remain at the forefront of financial innovation,\u201d President Akufo-Addo said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A Growing and Resilient Economy<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">President Akufo-Addo highlighted Ghana&#8217;s economic progress, with data from the Bank of Ghana painting a picture of resilience and recovery. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The country recorded a provisional GDP growth of 6.9% in the second quarter of 2024, driven by robust performance in construction, industry, agriculture, and tourism. Non-oil GDP growth stood at an impressive 7 per cent, signalling the dynamism of Ghana\u2019s economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Inflation has also seen a significant reduction, declining from a staggering 54.1 per cent in 2022 to 22.5 per cent as of October 2024. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis reflects the effectiveness of monetary policy interventions and the prudent stewardship of the Bank of Ghana,\u201d the President remarked.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" alt=\"\" class=\"wp-image-10032641778 lazyload ewww_webp_lazy_load\" style=\"width:827px;height:auto\" src=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/11\/fdgd.jpg\" decoding=\"async\" width=\"688\" height=\"313\" data-eio-rwidth=\"688\" data-eio-rheight=\"313\" src-webp=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/11\/fdgd.jpg.webp\"\/><img decoding=\"async\" src=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/11\/fdgd.jpg\" alt=\"\" class=\"wp-image-10032641778\" style=\"width:827px;height:auto\" data-eio=\"l\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">On the external front, the country recorded $2.78 billion in trade surplus, with gold and crude oil exports leading the way. Gross international reserves were reported at $7.5 billion, providing critical buffers against external shocks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Acknowledging Excellence<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">President Akufo-Addo commended the leadership of the Bank of Ghana Governor Dr Ernest Addison and his deputies, Maxwell Opoku-Afari and Elsie Awadzi, for their dedication to sound monetary policies and financial stability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He also lauded the architects, engineers, and contractors who contributed to the successful completion of the Bank Square project.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis magnificent structure is a testament to Ghanaian creativity and perseverance, and it stands as a beacon of pride for all citizens,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Symbolising Progress and Responsibility<\/strong> <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The President called on Ghanaians to view the Bank Square as a reminder of the importance of visionary leadership, sound governance, and collective responsibility. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" alt=\"\" class=\"wp-image-10032641779 lazyload ewww_webp_lazy_load\" style=\"width:821px;height:auto\" src=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/11\/Capture-12.jpg\" decoding=\"async\" width=\"679\" height=\"287\" data-eio-rwidth=\"679\" data-eio-rheight=\"287\" src-webp=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/11\/Capture-12.jpg.webp\"\/><img decoding=\"async\" src=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/11\/Capture-12.jpg\" alt=\"\" class=\"wp-image-10032641779\" style=\"width:821px;height:auto\" data-eio=\"l\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">He urged stakeholders to continue fostering an inclusive and prosperous economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As the Bank Square was officially commissioned, the event marked a new chapter for the Bank of Ghana, reinforcing its capacity to advance financial sector reforms and drive innovation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cLet us ensure that this landmark serves as a catalyst for sustainable growth, strengthening our financial systems for generations to come,\u201d President Akufo-Addo concluded.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ceremony was a blend of celebration and reflection, heralding a new era for Ghana\u2019s financial sector while honouring the legacy of an institution that has stood as a cornerstone of the nation\u2019s economic journey.<\/p>\n\n                <p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>      \n               \n <!-- Post Tags -->\n                \n\n                        \n\n    \n                                 \n                                             \n                    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Nana Akufo-Addo has officially commissioned the new Bank Square headquarters of the Bank of Ghana (BoG), a state-of-the-art facility designed to symbolise financial strength and modernity. The commissioning ceremony, held in Accra on Wednesday, November 20, marked a historic milestone in the evolution of Ghana&#8217;s central bank, which has been a pillar of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":253375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-253374","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Akufo-Addo commissions Bank of Ghana&#039;s Bank Square headquarters - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/20\/akufo-addo-commissions-bank-of-ghanas-bank-square-headquarters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Akufo-Addo commissions Bank of Ghana&#039;s Bank Square headquarters - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"President Nana Akufo-Addo has officially commissioned the new Bank Square headquarters of the Bank of Ghana (BoG), a state-of-the-art facility designed to symbolise financial strength and modernity. 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