Bank of Ghana Denies Reports of Plans to Sell New Headquarters

The Bank of Ghana (BoG) has strongly denied reports suggesting it intends to sell its newly constructed headquarters, describing the claims as false, misleading, and potentially harmful to confidence in Ghana's financial system.

In a statement issued on June 2, 2026, the central bank responded to a report published by MyJoyOnline, which cited unnamed sources claiming that the BoG was considering the sale of its new headquarters building, reportedly valued at approximately $260 million.

“The Bank of Ghana categorically states that this report is false and misleading,” the statement said.

The central bank emphasized that there have been no discussions, considerations, or plans at any level of the institution regarding the disposal of the facility.

“The Bank is not considering, discussing, or planning the sale of its new headquarters,” it stressed.

According to the BoG, the new headquarters represents a strategic national asset that supports the institution's ability to effectively execute its mandate as Ghana's central bank and financial sector regulator. The facility was specifically designed to accommodate the bank's operational requirements and improve efficiency across its various functions.

The bank noted that the headquarters is not merely a physical structure but an important component of its long term institutional capacity and operational resilience.

Beyond rejecting the report, the central bank also warned against the publication and circulation of unverified information concerning key financial institutions, cautioning that such reports could have broader implications for public confidence and market stability.

“Unverified reports of this nature have the potential to undermine public confidence in Ghana's financial system and create unnecessary market uncertainty,” the statement noted.

The BoG subsequently urged the public, financial market participants, and media organizations to disregard the claims.

The clarification comes amid heightened public attention on the central bank following the release of its 2025 financial statements, which reported significant operating losses. The BoG has attributed those losses largely to the costs associated with open market operations and its domestic gold purchase programme, both of which were implemented as part of broader efforts to stabilize the economy and strengthen Ghana's external position.

While some critics have questioned the financial implications of those losses, the central bank and government officials have consistently maintained that they were the expected consequence of policy interventions aimed at restoring macroeconomic stability.

The new headquarters, located in Accra, has remained a subject of public debate since its construction due to its reported cost. As a result, speculation surrounding its future has attracted significant public interest, making the central bank's swift denial particularly notable from both a reputational and institutional perspective.