Our new headquarters will improve efficiency – BoG Governor

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has expressed confidence that the newly commissioned headquarters of the Central Bank will enhance its operational efficiency and solidify Ghana’s standing as a leader in Africa’s financial ecosystem.

Speaking during the inauguration ceremony of the new facility on Wednesday, November 20, Dr Addison outlined the strategic importance of the new edifice in harmonising the bank’s operations and fostering a stronger financial system.

Dr. Addison emphasised that the primary objective of the new headquarters is to streamline the bank’s activities by consolidating its multiple offices scattered across Accra under one roof.

This centralisation, he noted, is crucial for fostering better coordination, communication, and cost-effectiveness in the bank’s operations.

The governor added that the move aligns with the bank’s broader modernisation strategy, which seeks to position it as a forward-thinking institution capable of meeting the demands of a dynamic global financial landscape.

“As you may be aware, the Bank of Ghana has multiple offices in the city of Accra and with a strategic plan to harmonise all these operational units at the headquarters under one roof. This new head office provides us with the opportunity to better streamline our operations, improve communication, reduce cost and create the needed synergies for efficiency.

“The Bank Square was designed with the future in mind and stands as one of the most important modern civic landmarks in the city of Accra and for that matter, our nation. This building will play a pivotal role in shaping Ghana’s identity as a leading force in Africa’s financial ecosystem.”

The $250 million project consists of three main blocks, namely the Tower, Urban and Amenities Blocks including basements, podiums, and ancillary facilities.