Dr. Johnson Asiama, Governor of the Bank of Ghana, defended the $11.1 million furnishing cost for the new headquarters before Parliament. He emphasized the necessity for a modern workspace due to the previous office’s structural defects. The new facility aims to enhance the Bank’s regulatory capabilities and align with national economic objectives, despite facing criticism over its cost amid economic challenges.
Dr. Johnson Asiama, the Governor of the Bank of Ghana, recently addressed Parliament’s Committee of the Whole regarding the $11.1 million furnishing expense for the bank’s new headquarters. This meeting, which included media presence, provided a platform for both Majority and Minority Caucuses to engage in discussions of national importance.
The new state-of-the-art headquarters, inaugurated by former President Nana Addo Dankwa Akufo-Addo on November 20, 2024, was presented by Dr. Asiama as a necessity, given the aging infrastructure of the previous office, which he deemed structurally unsound. He stated, “Mr. Speaker, furniture and furnishings were awarded at $11.1 million.”
Dr. Asiama emphasized the Bank’s dedication to effective financial management and its pivotal role in ensuring financial stability within the country. He asserted that the new facility would bolster the Bank’s regulatory capacity, aligning with national objectives for economic stability and growth in the financial sector.
Despite criticisms regarding the furnishing costs amid current economic challenges, the Bank of Ghana has argued that the new headquarters represents a secure and modern environment for its employees, facilitating improved service to the financial sector. Dr. Asiama expressed confidence that the project will ultimately support a stable and efficient financial system, essential for Ghana’s economic advancement.
In conclusion, the Bank of Ghana, represented by Governor Dr. Johnson Asiama, defended the significant $11.1 million expenditure for the furnishing of its new headquarters, citing the need for modern infrastructure to replace an outdated facility. Despite criticism regarding the cost, the Bank maintains that the investment is integral to enhancing its operational efficiency and contributing to Ghana’s economic stability.
Original Source: www.ghanabusinessnews.com
