The Governor of the Bank of Ghana, Dr. Johnson Asiama, has justified the decision to construct a new headquarters, stating that the old building lacks the structural integrity required for continued use.
Appearing before Parliament on March 5, Dr. Asiama explained that discussions regarding the construction of a new headquarters date back to 2011, when the then Board of Directors explored acquiring land for the project. However, the board at the time could not finalize a location before its tenure ended.
<code>“Even in 2016, when I was the Deputy Governor, the same issue was being considered; however, we could not settle on a specific location,” Dr. Asiama revealed.</code>According to the Governor, a 2019 structural integrity audit was conducted under a new board, revealing that the existing Bank of Ghana headquarters—built in the late 1950s—had developed significant structural defects over the years.
<code>“The existing headquarters had developed significant structural defects and was no longer fit for purpose,” he emphasized.</code>
