BoG Denies Reports of Plans to Sell New Headquarters
The Bank of Ghana (BoG) has firmly denied reports suggesting it is considering the sale of its newly commissioned headquarters, describing the claims as false and misleading.
In a statement issued on June 2, 2026, the central bank rejected a publication by MyJoyOnline which alleged that the Bank was exploring a sale and leaseback arrangement involving its new headquarters, The Bank Square.
According to the Bank of Ghana, there are no discussions, plans, or considerations underway to sell the facility.
"The Bank of Ghana categorically states that this report is false and misleading. The Bank is not considering, discussing, or planning the sale of its new headquarters," the statement said.
The central bank explained that The Bank Square remains a vital asset that supports its day-to-day operations and strengthens its ability to carry out its mandate effectively.
The clarification follows a report by MyJoyOnline which cited unnamed sources claiming that discussions were taking place within the Bank and government circles regarding a possible sale of the property. The report suggested that the move was being considered as part of efforts to improve the Bank's financial position after recording significant losses in recent years.
The publication also alleged that there were differing views among members of the Bank's board, with some reportedly supporting the proposal while others opposed it.
However, the Bank of Ghana has dismissed the claims entirely, insisting that no such discussions are taking place.
The central bank further warned that unverified reports about its operations could create unnecessary uncertainty in the market and weaken public confidence in Ghana's financial system.
The Bank Square was commissioned in November 2024 and became the Bank's operational headquarters in September 2025. The modern facility, which reportedly cost more than US$260 million to construct, was presented by the previous administration as a long-term investment designed to serve the central bank for decades.
The issue comes at a time when public attention remains focused on the Bank of Ghana's financial performance. The central bank recorded a loss of GHS15.6 billion in 2025, marking its second-largest loss since 2008. Despite this, the Bank noted that a number of balance sheet interventions helped reduce what could have been a much larger deficit.
While a sale and leaseback arrangement would likely have sparked debate over the future of a strategic national asset, the Bank's latest statement leaves little room for speculation.
It has urged the public to rely on information published through its official channels, including its website, verified social media platforms, statements from its Communications Department, and signed releases from the Secretary to the Bank.