Bank of Ghana defends continuation of new head office construction amid significant losses
The Bank of Ghana (BoG) has defended its decision to proceed with the construction of its new head office despite reporting a significant loss of 10.50 billion cedis in 2023. Last year, the Central Bank paid $82 million to contractors for the project, sparking scrutiny and questions about the project's viability given the bank’s financial situation. MP Yusif Suleman raised concerns about the project's feasibility during a Public Accounts Committee hearing on Friday. However, Stephen Opasa, Special Advisor to the BoG Governor, justified the continued construction, arguing that halting the project at its advanced stage would have been inefficient and...
