The Minority caucus within Parliament has issued a demand to the Bank of Ghana (BoG), stipulating a seven-day timeframe for the provision of details concerning the expenses related to its forthcoming headquarters in Accra, as outlined in accordance with section 18 of the Right To Information Act (ACT 989).

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The Minority caucus within Parliament has issued a demand to the Bank of Ghana (BoG), stipulating a seven-day timeframe for the provision of details concerning the expenses related to its forthcoming headquarters in Accra, as outlined in accordance with section 18 of the Right To Information Act (ACT 989).

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The caucus is requesting various information from the bank, including details about the land procurement process for the new headquarters building, as well as the names of consultants and project managers.This request was communicated through a press statement issued by Mahama Ayariga, the Member of Parliament for Bawku Central, who is also a private legal practitioner.

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“My name is Mahama Ayariga Esq and I am the representative of Bawku Central constituency in Parliament on the ticket of the NDC. Kindly provide information within 7 working days from the date of this letter.

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“Could you also provide clarification on the acquisition of the land on which the ongoing construction of the Bank of Ghana’s new headquarters at Ridge in Accra is situated? Specifically, we request information on the procurement process, the associated costs, the arrangement particulars, and the parties involved,” he added.

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In response to the scrutiny, the central bank released a statement on August 9, explaining that a structural assessment had deemed the current Bank of Ghana (BoG) Head Office building, constructed in the 1960s, inadequate for its purpose.

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It further disclosed that the building could not withstand significant seismic activity or strong winds, and that the decision to construct a new headquarters aimed to support operational efficiency and establish a potential future regional Central Bank headquarters.The controversy was sparked when the Minority Leader, Dr.

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Cassiel Ato Forson, revealed that the BoG was allocating $250 million for a new headquarters while facing financial challenges.Dr. Forson accused the Governor of printing money to fund the project, claiming that the Bank was financially strained.He demanded the Governor and his deputies' resignation within 21 days, stating that their actions set a concerning precedent.Dr.

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Forson stressed that their call for resignation was driven by concerns over accountability and transparency.“The Bank of Ghana does not have money but spending $250million for a new head office, which means he is printing additional money to finance this project,” Dr Forson said.“We have to get this Governor out and let us have a new Governor.

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If we allow him to stay in the office, we will set bad precedent for future managers to do the same,”“We demand the immediate resignation of the Governor and his deputies within 21 days. We will march to occupy the central bank to save the Bank of Ghana if he fails to reign. The March will ensure accountability. He has messed us up so much that we cannot wait to see his back,” he said.<img alt=""

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