The Bank of Ghana (BoG) is reportedly considering the sale of its ultra-modern headquarters, The Bank Square, less than two years after the facility was commissioned as a landmark project for the Central Bank.
According to sources within the Bank, management is exploring a “sale and leaseback” arrangement that would allow BoG to sell the property while continuing to occupy and operate from the facility under a lease agreement.
The move is said to be part of efforts to strengthen the Bank’s balance sheet following recent financial losses. Supporters of the proposal argue that unlocking capital tied up in the property could improve the Bank’s financial position and provide additional liquidity.
However, the reported plan has sparked debate within the Bank’s governing structures, with some board members expressing reservations about the long-term implications of the transaction. Critics reportedly fear that leasing back the facility after its sale could result in significant future costs and place additional financial burdens on the institution.
Sources indicate that discussions on the proposal have intensified in recent months, with both supporters and opponents presenting differing views on the economic viability of the arrangement.
The Bank Square, located in Accra, was constructed at a cost exceeding $260 million and officially commissioned in November 2024. The complex became the Central Bank’s operational headquarters in September 2025, replacing the institution’s former 69-year-old office building.
The expansive facility comprises seven structures, including a 22-storey tower that stands approximately 100 metres tall, making it one of the most prominent buildings in the country.
At its commissioning, the project was described by former BoG Governor Dr. Ernest Addison as a symbol of the Bank’s transformation and a long-term investment in Ghana’s financial sector. Former President Nana Addo Dankwa Akufo-Addo also hailed the development as a reflection of a modern and forward-looking central banking institution.
While no official announcement has yet been made on the proposed transaction, the reported discussions have generated interest within financial and policy circles, given the strategic significance of the facility and its role as the headquarters of Ghana’s central bank.
