The Minority Leader in Parliament, Dr. Cassiel Ato Forson, has uncovered that the Bank of Ghana (BoG) is as of now developing new multi-million dollar residence for its Governor, Dr. Ernest Addison.
This new mansion is being built at the location where the Bank of Ghana Clinic already stood at Ridge in Accra.
In a post on X on Monday, June 3, former Deputy Finance Minister, has raised concerns over the demolition of the clinic to pave way for the Governor’s new residence.
According to the Minority leader, the struggling central bank that have “made a colossal loss of over 600,000% of it’s stated capital of GHS10 million in 2022 and another loss equivalent to 150,000% of its stated capital in 2023” to invest US$250m in building its new head office and now residence for the governor.
Read his full post:
“In 2022, Bank of Ghana made a colossal loss of over 600,000% of it’s stated capital of GHS10 million. The Bank made another loss equivalent to 150,000% of its stated capital in 2023. Is this poor record of performance comparable to any central bank’s?
Yet, apart from ongoing construction of a new HQ with about USD250 million, the Bank of Ghana is also building a new multi-million dollar residence for the Governor at where the Bank of Ghana Clinic used to be at Ridge in Accra.
That clinic has been demolished to make way for the new accommodation of the Governor. The Bank of Ghana’s poor out turns do not justify its decision to carry on with these massive construction projects. The Bank needs a cleanup to return it to it’s glorious days!”
