By Issah Olegor
The Bank of Ghana has strongly denied reports suggesting it is considering the sale of its newly constructed $260 million headquarters, describing the claims as false, misleading, and capable of undermining confidence in the financial system.
In a press release issued on June 2, 2026, the central bank rejected a publication by MyJoyOnline dated June 1, 2026, which alleged that the Bank was exploring the possibility of selling its new headquarters building.
According to the Bank, there are no discussions, considerations, or plans whatsoever to dispose of the facility, insisting that the building remains a strategic national asset essential to its operations and the execution of its statutory mandate.
“The Bank of Ghana categorically states that this report is false and misleading,” the statement stressed, adding that the institution is not considering, discussing, or planning the sale of its new headquarters.
The central bank explained that the facility was specifically commissioned to enhance operational efficiency, improve institutional capacity, and support the effective discharge of its responsibilities as the monetary authority. As such, it remains a critical component of the Bank’s long-term infrastructure and governance framework.
The latest denial comes against the backdrop of the prolonged public debate surrounding the construction of the new headquarters, which became a major subject of political and economic discussion following revelations about the project’s cost during the recent economic crisis.
The construction of the state-of-the-art headquarters attracted intense scrutiny from politicians, civil society organisations, and sections of the public, particularly after the Bank reported significant financial losses linked to the Domestic Debt Exchange Programme (DDEP), monetary policy operations, and reserve management activities undertaken during the country’s economic recovery programme.
The controversy intensified in 2023 and 2024 when questions were raised in Parliament and by various stakeholders regarding the justification for the project at a time when the country was implementing painful fiscal consolidation measures under an IMF-supported programme.
Since assuming office, Governor Dr. Johnson Pandit Asiama has repeatedly defended the Bank’s commitment to restoring financial stability while also pursuing institutional reforms aimed at strengthening the central bank’s operational effectiveness.
Against this background, the Bank said reports suggesting a possible sale of the headquarters risk creating unnecessary uncertainty within financial markets and among the public.
The Bank cautioned that unverified publications concerning the operations of the central bank have the potential to erode confidence in the country’s financial architecture and generate avoidable speculation.
“We urge the public and the media to disregard this publication. Unverified reports of this nature have the potential to undermine public confidence in the financial system and create unnecessary market uncertainty,” the statement said.
The Bank further reaffirmed its commitment to transparency and accountability, assuring stakeholders that all official information regarding its operations would continue to be communicated through authorised channels.
According to the statement, official communications from the Bank of Ghana are disseminated through its website, verified social media platforms, press releases issued by its Communications Department, and signed statements from the Secretary of the Bank.
The central bank also appealed to media organisations to verify information directly with the institution before publishing reports relating to its activities, stressing that responsible reporting is critical to maintaining confidence in the financial sector.
