Former Member of Parliament (MP) for Madina constituency, Amadou Sorogho says it is unwise for the Bank of Ghana (BoG) to construct a new building project while the country is facing financial difficulties.
According to him, the BoG holds a responsibility to the people of Ghana because the bank belongs to the entire Ghanaian populace.
Speaking on Ahotor 92.3 FM’s morning show ‘Ade Kye Mu Nsem‘, Mr. Sorogho said that he is not against the building of the new BOG headquarters but the timing is not right.
“No one is saying that the building of a new BOG headquarters is wrong, no one has said that, but building the bank at the height of our economic and social crisis, is it a prudent decision?” he told Citizen Kofi Owusu
The former Madina MP’s assertion follows the BoG’s recent statement that it is spending $250 million to build a new head office because its current office which was built in the 1960s has failed a structural integrity assessment.
It said, the edifice “is no longer fit for purpose and could not stand any major earth tremors.”
In a press release on Tuesday, August 9, the central bank explained that “The outcome of the structural integrity work was that the main building does not satisfy the full complement of excess strength required for a building to be considered safe for usage.
“This means that in the case of a worst-case gravity and wind loading scenario, for example, unusually strong wind, the building may be significantly affected.”
On the back of this, Mr. Sorogho said that it is not prudent for BoG to start the building of a new headquarters after recording a GH¢60.8 billion loss and negative equity of 55 percent for 2022.
Story by: Emmanuel Romeo Tetteh / Ahotoronline.com
