BoG HQ: $230m paid to contractor, $31.8m outstanding – Asiama

The Governor of the Bank of Ghana, Dr Johnson Asiama, has provided an update on the financial status of the Bank’s headquarters project.

Addressing Parliament, Dr Asiama disclosed that as of February 2025, a total of approximately $230 million had been paid towards the construction of the new Bank of Ghana headquarters.

However, an outstanding balance of $31.8 million still needs to be paid to the contractor to complete the project.

Dr Asiama also highlighted that a significant amount of $48.3 million had been paid in taxes and levies related to the construction. This figure underscores the extensive financial commitments associated with the project.

In his address, Dr Asiama emphasised that the expenses go beyond the core building. Separate contracts were awarded for various infrastructural components essential to the headquarters. These include ICT systems and network infrastructure, which were awarded at a cost of $8.6 million.

Additionally, integrated electronic systems were contracted at a cost of $15.8 million, while furniture and furnishings were awarded at $11.1 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 $31.8million to be paid to the contractor. Mr Speaker, a total of $48.3million 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. This include ICT systems and network infrastructure which was awarded at a cost of $8.6million integrated electronic systems which was also awarded at a cost of $15.8m and furniture and furnishings that was also awarded at $11.1million.”