The New Patriotic Party (NPP) is pressing the government to publicly outline how it intends to recapitalise the Bank of Ghana (BoG), arguing that transparency is needed to dispel lingering concerns over reports that the central bank’s new headquarters could be sold.
Although the Bank of Ghana has firmly denied claims that it is pursuing a sale-and-leaseback arrangement involving its new headquarters, the opposition party says questions remain about whether the idea has been completely abandoned.
In a statement issued on June 9, the NPP noted that concerns stem from comments previously made by Finance Minister Cassiel Ato Forson, who suggested in 2025 that the central bank could consider internal options for recapitalisation, including the possibility of selling and leasing back its headquarters.
The party said those remarks, together with recent media reports alleging a proposed $260 million sale-and-leaseback transaction, have fueled public uncertainty over the future of the building.
While accepting the Bank of Ghana’s assurance that no such deal is currently under consideration, the NPP argued that the government should provide stronger guarantees by publishing a detailed recapitalisation roadmap.
According to the opposition, such a plan should clearly outline the financing strategy, timelines and policy measures intended to restore the central bank’s financial health without resorting to the disposal of major public assets.
The NPP contends that selling the headquarters would offer only a temporary financial fix while creating long-term obligations through lease payments and sacrificing ownership of a strategic national asset.
The party also warned that any future sale could raise governance and regulatory concerns, particularly if institutions linked to the financial sector eventually acquire an interest in the property.
Pointing to the existing recapitalisation programme agreed between the government and the Bank of Ghana for implementation between 2026 and 2032, the NPP urged authorities to focus on executing that plan and strengthening fiscal discipline rather than exploring asset sales.
The party maintains that public confidence in the central bank can best be preserved through transparency, prudent financial management and a clear commitment to retaining ownership of the Bank Square complex.
