Bank of Ghana Defends $11.1 Million Furnishing Cost for New Headquarters
Dr. Johnson Asiama, Governor of the Bank of Ghana, defended the $11.1 million furnishing cost for the bank’s new headquarters in Parliament, emphasizing structural issues with the old office. The new facility, inaugurated in November 2024, aims to improve financial regulation and support national economic stability, despite criticism regarding its prioritization amid current economic challenges.
Dr. Johnson Asiama, the Governor of the Bank of Ghana, recently addressed Parliament regarding the $11.1 million expenditure for furnishing the new headquarters of the central bank. During this session of the Committee of the Whole, which typically convenes in private, the media was permitted to participate. The new headquarters, inaugurated on November 20, 2024, by former President Nana Addo Dankwa Akufo-Addo, features state-of-the-art facilities located in Accra.
In conclusion, despite ongoing criticism regarding the furnishing costs of $11.1 million for the new headquarters, the Bank of Ghana asserts that the investment is crucial for enhancing financial stability and operational efficiency. Dr. Asiama emphasized the commitment to financial prudence while highlighting the necessity of the new facility in providing secure and effective work conditions for staff, all aimed at supporting the country’s economic growth.
Original Source: www.ghanabusinessnews.com
