Accra, March 5, GNA–Dr Johnson Pandit Asiama, the Governor of the Bank of Ghana, says the Governing Board of the Central Bank would conduct value for money audit into the construction of the facility upon being sworn in next week.
Announcing the cost to Parliament on Wednesday, he said the project was constructed by the Goldkey Properties Limited through a restricted tender process recommended by the Public Procurement Authority (PPA).
He said the structural integrity audit conducted in 2019 showed that old BoG headquarters constructed in 1950s was not fit for purpose, hence the decision to build a new facility at Ridge, Accra, to enhance security and operational efficiency.
Dr Asiama said the total contract sum of the new Corporate Head Office of the BoG was US$261.8 million.
As of February, this year, he said $230 million had been paid and left with $31.8 million outstanding payment to be made.
He said the initial contract sum of the project was $81.8 million in 2019 but subsequently revised to $121.1 million, $222.8 million and finally shot up to $261.8 million at the time of completion in 2024.
President Nana Addo Dankwa Akufo-Addo commissioned the facility in November 2024 and currently being occupied by the staff of the Central Bank.
The 20-floor tower BoG headquarters was 98 per cent complete including Electronic Integrated System, Information and Communication Technology (ICT) system, re-used liquid and solid waste treatment plant, basement and car park area.
Dr Asiama said the Central Bank would comply with its mandate of ensuring transparency, financial resilience and economic growth.
By Godwill Arthur- Mensah.
