The Bank of Ghana (BoG) has strongly refuted 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 MyJoyOnline publication that cited unnamed sources alleging that the Bank was exploring a sale-and-leaseback arrangement involving its new headquarters, The Bank Square.
“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.
According to the Bank, The Bank Square remains a critical asset that supports its operations and strengthens its capacity to carry out its statutory mandate.
The response follows a MyJoyOnline report claiming that discussions were underway within the central bank and government regarding a possible disposal of the property as a means of improving the Bank’s balance sheet following recent financial losses. The report further alleged that opinions within the Bank’s board were divided, with some members supporting the proposal and others opposing it.
However, the Bank of Ghana has categorically denied the existence of any such discussions.
The central bank cautioned that unverified reports about its operations could undermine public confidence in Ghana’s financial system and create unnecessary uncertainty in the market.
The Bank Square was commissioned in November 2024 and became the Bank’s official operational headquarters in September 2025. Constructed at a reported cost of more than US$260 million, the facility was presented by the previous administration as a long-term investment designed to serve the central bank’s operational needs for decades.
The controversy emerges amid ongoing public discussions about the Bank of Ghana’s financial position. The central bank recorded a loss of GH¢15.6 billion in 2025, marking its second-largest loss since 2008. Nevertheless, the Bank has maintained that the figure was significantly reduced through a series of balance-sheet interventions implemented during the year.
Analysts note that any proposal involving a sale-and-leaseback arrangement would likely have sparked debate over the wisdom of disposing of a strategic national asset to improve the institution’s financial standing.
However, the Bank’s latest statement leaves little room for speculation. It insists that no plans exist to sell the headquarters and has urged the public to rely solely on information communicated through its official channels.
The Bank advised stakeholders to obtain information from its official website, verified social media platforms, statements issued by its Communications Department, and signed releases from the Secretary to the Bank.
