The Central Bank of Ghana spent a total amount of $261.8 million on the construction of its new headquarters project located at Ridge, Accra.
Dr Johnson Asiamah, Governor of the Bank of Ghana disclosed this to lawmakers on Wednesday 5 February, 2025 when he appeared to update them on the how much was expended on the project.
According to him, an approximate amount of $230 million had so far been paid with outstanding balance of $31.8 million still needs to be paid to the contractor for the project which is 98% complete.
The Govenor also revealed that $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.
Dr Asiamah further disclosed that 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.”
