Let’s rally behind BoG to build a befitting Headquarters – Ofori-Atta

The Finance Minister, Ken Ofori-Atta, has made a clarion call on all Ghanaians to support the Bank of Ghana (BoG) with the needed help in the ongoing construction of its new head office.

According to the Ofori-Atta, the country is facing economic challenges but maintained that the construction of the new BoG head office is a necessary investment in the future of Ghana’s economy.

“With respect to the BoG’s new headquarters, the evidence is clear that decisions to build had already been made long before these “losses” occurred,” he wrote. “It is important for us to support such a critical institution to modernize its operations and have a befitting office space for a country that hosts the AfCFTA and has the vision to become the financial services hub of the continent.”

In an article titled “Citizens – Standing Strong with the Bank of Ghana,” Ofori-Atta urged the public to cease the uproar and opposition against the ongoing construction and render support to the Central Bank to build an edifice that is “a befitting office space for a country that hosts the AfCFTA.”

The minister defended the BoG Governor Ernest Addison, who has been criticized for mismanagement of the Central Bank leading to the bank recording losses of over $60bn.

“Governor Addison is a competent professional of quiet courage, in these nearly seven years, we have worked together to ensure: the inviolability of the banking system; the establishment of the Consolidated Bank of Ghana (CBG), and the Development Bank of Ghana; the raising of over $10 billion in the Eurobond market and AfriExim bank. He brought inflation down to single digits of 7.9% for the first time; and managed an impressive period of currency stability in our country including the implementation of the Gold for Oil programme,” he indicated.

A section of Ghanaians have described the construction of the new headquarters as a needless investment.

A series of schedules have been made by the minority in a protest demanding the resignation of the governor and his deputies which has been fixed for October 3.