New BoG Headquarters: $230 million has been paid to contractor with $31.8m outstanding – Asiama

Governor of the Bank of Ghana has revealed that as of February 2025, an amount of $230 million has been paid to the contractor of the new Bank of Ghana building project located at Ridge in Accra.

Dr. Johnson Asiama while addressing Parliament on the cost of the project on Wednesday, March 5, 2025 said currently, there is an outstanding debt of $31.8 million to be paid to the contractor.

“Mr. Speaker as of February this year, a total of $230 million approximately has been paid towards the project with an outstanding of $31.8 million to be paid to the contractor,” he stated.

An amount of $43.8 million has also been paid in taxes and levies that were related to the construction.

According to Governor Asiama, due to statutory requirements, security needs and sustainability considerations, the total project cost increased to $261.8 million as against the $250 million eralier estimated cost.

By:
Raphael Ghartey