The Governor of the Bank of Ghana has announced that, as of February 2025, a total of $230 million has been paid to the contractor for the new Bank of Ghana building project situated in Ridge, Accra. Dr. Johnson Asiama addressed Parliament on the project’s costs on Wednesday, March 5, 2025, and stated that there is currently an outstanding debt of $31.8 million owed 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
