"Bank of Ghana Governor to Face Parliament Over $280M New Headquarters Project"

" Bank of Ghana Governor to Face Parliament Over $280M New Headquarters Project \r\n The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, is set to appear before Parliament on Wednesday, March 5, 2025, to address concerns regarding the construction of the central bank\u2019s new headquarters. \r\n The decision follows a request made by Members of Parliament from the National Democratic Congress (NDC) in August 2023, seeking clarity on the project\u2019s financing, cost implications, scope, and completion timeline. \r\n Parliament Demands Transparency \r\n Speaking in Parliament, Majority Leader Mahama Ayariga emphasized the need for transparency, insisting that the BoG leadership must justify the necessity and pricing of the project. \r\n \u201cAt the committee meeting, we resolved that next Wednesday, we will invite the Governor of the Bank of Ghana, as an independent constitutional entity, to brief this house on the pricing of the new headquarters. We want to understand how the price variations occurred, how quantities were determined, and the justification for the necessity of a new BoG headquarters,\u201d Mr Ayariga stated. \r\n Backdrop of the Inquiry \r\n The scrutiny over the central bank\u2019s new building follows the inauguration of Bank Square, the BoG\u2019s newly built headquarters, by former President Nana Addo Dankwa Akufo-Addo on November 20, 2024. \r\n The upcoming parliamentary appearance is expected to provide further details on the project\u2019s cost structure, amid growing concerns over public expenditure and fiscal discipline. "

"Bank of Ghana Governor to Face Parliament Over $280M New Headquarters Project"

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