The new BoG building is valued at $261.8 million
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has disclosed the exact amount of money the central bank, under the leadership of former Governor Dr. Ernest Addison, used for the construction of its new headquarters.
Speaking on the floor of Parliament on Wednesday, March 5, 2025, Dr Asiama disclosed that the initial estimate of $88 million for the project rose to $261.8 million.
He indicated that about $230 million has been paid to the contractor, with the project being around 98 percent complete.
“The total project cost increased to $261.8 million. 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,” he said.
Dr. Asiama went on to give a breakdown of the total cost of the project, including over $11 million on furniture.
“Mr. Speaker, a total of $48.3 million has been paid in taxes and levies that were related to the construction. Mr. Speaker, beyond the core building, separate contracts were awarded for other infrastructure.
“These include ICT systems and network infrastructure, which was awarded at a cost of $8.6 million; Integrated Electronic Security systems, which was also awarded at a cost of $15.8 million; and furniture and furnishings, which were also awarded at $11.1 million.”
He explained that some of the new features were “included to ensure that the bank operates in a secure and technologically advanced environment, in line with the needs of a modern central bank.”
BAI/EK
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