The Governor of the Bank of Ghana (BoG) Dr Johnson Asiama has disclosed that plans are underway to conduct a value for money audit of the new Bank of Ghana Headquarters building at Ridge, Accra.

Briefing a committee of Parliament on the cost of the project on Wednesday, March 5, Dr Asiama said steps have been taken to get the Architectural and Engineering Services Limited (AESL) to conduct the audit after board approval.

According to him, the cost of the edifice increased by $88million after the design of the project.

“We believe this will bring clarity to the matter, and we believe this will bring closure to the issue of our new Bank of Ghana building", he assured.

He stated that as of February 2025, a total of $230 million has been paid for the project with an outstanding amount still due the contractor.

Dr Asiama also noted that an additional $48.3 million has been paid in taxes and levies associated with the construction of the building.

In addition to the main building, Dr Asiama explained that several other facilities were part of the project, including an Integrated Communication and Computing (ICC) system and Network Infrastructure, which cost $8.6 million.

Other expenditures included integrated electronic security systems at $15.8 million and furniture and furnishings, which amounted to $11.1 million.

He emphasised that these investments are aimed at ensuring the Bank of Ghana operates in a secure and technologically advanced environment, in line with the needs of a modern central bank.

In November 2024, former President Nana Akufo-Addo officially inaugurated the facility to serve as the new headquarters of BoG.

The state-of-the-art facility designed to symbolise financial strength and modernity is situated in the heart of the national capital.

The new facility marked a historic milestone in the evolution of the country's central bank, which has been a pillar of the nation's economic independence since its establishment in 1957.