Finance

BoG replies Mahama Ayariga’s request on expenditure made in 2023 for new head office building

The Bank of Ghana (BoG) has responded to the request on the total cost of its new head office building made by Mahama Ayariga, the Member of Parliament for Bawku Central.

In response to Ayariga’s Right to Information request for detailed financial information about the construction project, the BoG indicated that all relevant financial details have been included in its 2023 annual report, which is publicly accessible.

The BoG clarified that no additional costs were incurred on the project in 2023, and therefore, there is no further information available to share with the lawmaker.

The BoG explained that the choice to keep the complete financial breakdown confidential is based on procedural protocols that require such information to be obtained through the PPA.

In a letter to the lawmaker, the BoG stressed that all procurement processes and financial transactions related to the new head office have been carried out in accordance with established regulatory frameworks and oversight mechanisms.

“With the approval of the Public Procurement Authority (PPA), the BoG awarded a contract for the construction of a bank duty post at the site of the old BoG clinic. The BoG followed the necessary procurement procedures as outlined in the Public Procurement Act, 2003 (Act 663) as amended by the Public Procurement Amendment Act, 2016 (Act 914) in 2022. For the cost and specifics of the construction, please contact the PPA,” a portion of the letter read.

Mahama Ayariga, who has been vocal about the importance of transparency in government projects, expressed his dissatisfaction with the BoG’s response. He argues that as a public institution, the BoG is obligated to provide clear and detailed information about the expenses related to the new head office.

Mahama Ayariga maintains that transparency is essential to ensure accountability and public trust in the management of national resources.

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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