The New Patriotic Party (NPP) is calling on the government to give stronger assurances that the new headquarters of the Bank of Ghana (BoG) will not be sold. According to the party, simple denials are not enough to ease public concerns.
The issue arose after reports claimed that the Bank of Ghana was considering selling its new headquarters through a sale-and-leaseback arrangement.
Under such a deal, the building would be sold to an investor and then leased back to the central bank for continued use.
The Bank of Ghana has rejected the reports, describing them as false and misleading.
However, in a statement issued on Tuesday, June 9, 2026, the NPP said concerns remain because the idea had previously been mentioned publicly by Finance Minister Cassiel Ato Forson.
According to the party, Dr. Forson said during an appearance on Joy News’ PM Express on March 11, 2025, shortly after presenting the national budget, that the Bank of Ghana should explore internal options for recapitalisation and that it had “a choice to sell and lease back” its new headquarters.
The NPP believes those comments, along with a recent media report about an alleged $260 million sale-and-leaseback proposal, have raised genuine questions about whether the idea is still being considered by government officials.
“We acknowledge the Bank’s denial and take it at its word that no such transaction is on the table today,” the party said.
“However, the government must substantively abandon the idea.”
The party argued that if the government truly has no plans to sell the building, it should back up its position with clear actions and policies rather than relying only on public statements.
As part of that effort, the NPP wants the government to publish a detailed recapitalisation plan for the Bank of Ghana.
The party says the plan should clearly explain where the money will come from, the financial tools that will be used, and the timeline for restoring the central bank’s financial strength.
The NPP also argued that selling the headquarters would not solve the real causes of the Bank of Ghana’s financial challenges. Instead, it said the move would trade a valuable national asset for a temporary financial fix.
The party warned that a sale-and-leaseback arrangement could leave the central bank paying rent for years while giving up ownership of a property that could increase in value over time.
It also expressed concerns about possible conflicts of interest, suggesting that institutions regulated by the Bank of Ghana could eventually become owners or financiers of the property.
The statement further noted that the government and the Bank of Ghana have already agreed on a phased recapitalisation programme that will run from 2026 to 2032.
For that reason, the NPP believes authorities should focus on implementing the existing programme rather than considering the sale of national assets.
The party also called for more transparency regarding efforts to improve the Bank of Ghana’s financial position and urged the government to stop policies it believes are putting additional pressure on the central bank.
“The Bank Square belongs to the people of Ghana. It is not a distressed asset to be auctioned to plug a hole that prudent policy should never have created,” the NPP said.
Although the Bank of Ghana has repeatedly dismissed reports that it plans to sell its headquarters, the NPP insists that the government must go beyond verbal assurances and provide clear proof that the proposal has been permanently ruled out.
