The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has revealed plans to conduct a value-for-money audit on the newly constructed headquarters at Ridge, Accra.
The audit will be carried out by the Architectural and Engineering Services Limited (AESL) following board approval.
Dr. Asiama made the announcement while briefing Parliament on the project on Wednesday, March 5. He explained that the cost of the building increased by $88 million after changes to the project’s design.
“We believe this will bring clarity to the matter, and we believe this will bring closure to the issue of our new Bank of Ghana building,” he assured.
As of February 2025, Dr. Asiama disclosed that a total of $230 million had been paid to the contractor, with an outstanding balance of $31.8 million yet to be settled. Additionally, $48.3 million had been paid in taxes and levies related to the construction.
The Governor highlighted that the project was 98% complete, detailing several significant expenditures, including $8.6 million for an Integrated Communication and Computing (ICC) system and network infrastructure, $15.8 million for integrated electronic security systems, and $11.1 million for furniture and furnishings.
In November 2024, former President Nana Akufo-Addo officially inaugurated the new headquarters of the Bank of Ghana following concerns about the structural integrity of the old office building.
The project was met with resistance from the National Democratic Congress (NDC) while they were in opposition.
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