The Bank of Ghana (BoG) has declined to disclose the full cost of its new head office building to Mahama Ayariga, Member of Parliament for Bawku Central.
In response to Mr. Ayariga’s request for detailed financial information regarding the construction project, the BoG directed him to seek such details from the Public Procurement Authority (PPA).
Citing procedural protocols, the BoG explained that access to comprehensive financial breakdowns of projects like the new head office building must be obtained through the PPA.
The central bank emphasized that all procurement processes and financial transactions related to the construction have adhered to established regulatory frameworks and oversight mechanisms.
In a letter to Mr. Ayariga, the BoG stated, “With the approval of the Public Procurement Authority (PPA), the BoG awarded a contract for the construction of a bank duty post, at the premises of the old BoG clinic.”
It further clarified, “The BoG went through the necessary procurement processes in accordance with the Public Procurement Act, 2003 (Act 663) as amended by the Public Procurement Amendment Act, 2016 (Act 914) in 2022. The cost and details of the construction may be obtained from the PPA.”
Mahama Ayariga, known for advocating transparency in government projects, expressed dissatisfaction with the BoG’s response. He argued that as a public institution, the BoG has a duty to provide clear and detailed information about expenditures on the new head office.
Mr Ayariga maintained that transparency is essential to uphold accountability and foster public trust in the management of national resources.
Bank of Ghana’s official response to Mr Ayariga’s request