The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has said the new head office of the central bank “The Bank Sqare” will aid in reducing costs of operations.

He explained that the new edifice located at Ridge in the Greater Accra region will play a pivotal role in streamlining the operations of the bank and promote employee wellness, efficiency and sustainability.

Speaking at the commissioning of the building, Dr. Addison emphasized that the main goal is to simplify the bank's operations by bringing all of its offices in Accra under one roof.

“As you may be aware, the Bank of Ghana has multiple offices in the city of Accra and with a strategic plan to harmonize 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." He said

The governor also stated that the move is in line with the bank's larger modernization plan, which aims to establish the bank as a progressive organization that can adapt to the changing needs of the global financial system.

"As we step into this new chapter, I am filled with optimism that this building will remain a significant investment in our collective future as a nation".

"This will also push the Bank towards new frontiers in central banking and demonstrate what we as a nation are capable of achieving. We remain committed to delivering on our mandate, and this new facility should enable us to do so effectively," He added

The 22-storey building Bank Square at Ridge in Accra comprises five components namely the Amenity Pavilion, Urban Block, The Podium, Tower and Grand Pavilion.