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New BoG HQ will improve operations – Governor

Source The Ghana Report

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has expressed optimism that the central bank’s newly commissioned headquarters will significantly enhance operational efficiency and reinforce Ghana’s position as a leader in Africa’s financial sector.

Speaking at the inauguration ceremony on Wednesday, November 20, Dr Addison highlighted the strategic importance of the state-of-the-art facility in streamlining the bank’s operations.

He explained that the new headquarters will consolidate the bank’s scattered offices across Accra, enabling better coordination, improved communication, and cost-effectiveness.

Dr. Addison emphasized that centralizing operations under one roof will not only improve internal processes but also contribute to building a stronger and more resilient financial system.

He believes the headquarters is a key element of the bank’s broader modernization agenda, aimed at retooling to respond effectively to the evolving demands of a dynamic global financial environment.

The governor reiterated that the move reflects the Bank of Ghana’s commitment to innovation and excellence, ensuring it remains a forward-thinking institution capable of driving Ghana’s economic growth and maintaining financial stability.

“As you may be aware, the Bank of Ghana has multiple offices in the city of Accra and with a strategic plan to harmonise all these operational units at the headquarters under one roof. This new head office provides us with the opportunity to better streamline our operations, improve communication, reduce cost and create the needed synergies for efficiency.

“The Bank Square was designed with the future in mind and stands as one of the most important modern civic landmarks in the city of Accra and for that matter, our nation. This building will play a pivotal role in shaping Ghana’s identity as a leading force in Africa’s financial ecosystem.”

The $250 million project comprises three primary structures: the Tower, the Urban Block, and the Amenities Block.

These are supported by basements, podiums, and various ancillary facilities, creating a comprehensive and functional architectural complex.

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