Dormaahene, Osagyefo Oseadeeyo Agyemang Badu II, has urged President Nana Addo Dankwa Akufo-Addo to intervene on behalf of the Ghanaian populace and put a stop to the Bank of Ghana’s intentions to construct a new headquarters valued at US$250 million.
He emphasized that this US$250 million sum constitutes roughly a quarter of the amount the government is seeking from the International Monetary Fund (IMF).
According to his perspective, the pursuit of a new central bank headquarters is a misguided priority, particularly during a period when the local economy remains in a state of disarray.
“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,” he said.
On Thursday, August 17, 2023, a delegation paid him a courtesy visit at his palace in Dormaa, in the Bono Region, and the Dormaahene made these remarks.
The Bank of Ghana stated in a release that they needed a new office building because their current structure was no longer functional.
Additionally, it stated that the BoG’s structural integrity examination showed the current head office building, constructed in the early 1960s, could not withstand any significant earth earthquakes.