A whopping $250 million is being expended by the Bank of Ghana to construct a new Headquarters in the heart of Ghana’s Capital, Accra.
The project, which is a 21-story facility, is specifically in Ridge in the Greater Accra Region, adjacent to the Greater Accra Regional Hospital, Ridge.
Currently under construction, the project, which is reportedly 50% complete, was awarded to De Simone Limited
Meanwhile, the Bank of Ghana recorded a loss of ¢60.8 Billion Ghana cedis in 2022, its Annual Report and Financial Statements has revealed.
The Central Bank’s record loss comes after it posted a ¢1.2 billion profit in 2021.
According to the Annual Report and Financial Statements, the loss is attributed to a decline in the Group’s net worth position due to the impact of the Domestic Debt Exchange Programme (DDEP) and the impairment of some assets.
Again, its total liabilities and subsidiaries exceeded its total assets by ¢54.52 billion.
In 2021, the Central Bank recorded a surplus of ¢5.72 billion.