Dormaahene urges Akufo-Addo to suspend the construction of $250m BoG office

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President Akufo-Addo has been encouraged by the Dormaahene, Osagyefo Oseadeeyo Agyemang Badu II, to step in and prevent the Bank of Ghana’s (BoG) planned construction of a new headquarters building.

The Minority in Parliament has vowed to hold a demonstration against the Central Bank’s facilities in response to the $250 million project’s fierce criticism.

Speaking for himself, the Dormaahene emphasized that the timing of the decision to move on with the construction of the new headquarters is poor, especially given Ghana’s current economic situation.

On Thursday, August 17, in Sunyani, he was speaking at the 2023 first general assembly of the Bono Regional House of Chiefs, when he declared that the Bank of Ghana should not be allowed to spend US$250 million erecting a headquarters.

The Dormaahene, who also serves as the president of the Bono Regional House of Chiefs, made a request to President Nana Addo Dankwa Akufo-Addo to stop the Bank of Ghana from investing $250 million to create a new headquarters.

“We heard that the BoG is building a new headquarters at a cost of 250 million dollars. That is about a quarter of the money we are seeking from the IMF. We want the President to intervene. He should meet with them and rescind that decision and communicate same to us.”

“The [Bono Regional] House [of Chiefs] and its people are not happy about the development, how can the country go to the International Monetary Fund (IMF) for $3 billion and want to use $250 million to construct only one project”.

The money being utilized by the Bank of Ghana for the head office project, according to Osagyefo Agyemang Badu II, might have been split among the 16 regions to fund regional development initiatives or used to create jobs for youngsters.

He expressed his hope that he (Osagyefo Agyemang Badu) had the ability to destroy the structure in order to express his discontent with the project.


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