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BoG governor’s claims building personal residence are false – Sources

BoG governor’s claims building personal residence are false – Sources

BoG governor’s claims building personal residence are false – Sources

Business news for Wednesday, July 10, 2024

Source: www.ghanaweb.com

2024-07-10

Bank of Ghana Headquarters Bank of Ghana Headquarters

GhanaWeb Business has learned that claims suggesting that the Governor of the Bank of Ghana, Dr. Ernest Addison, was building a personal residence are false.

This clarification comes after Bawku Central MP Mahama Ayariga claimed that the Central Bank is building a personal residence to house Governor Ernest Addison at a speculated cost of $40 million.

However, verified sources within the Bank, including a response to a Right to Information (RTI) query, have confirmed that the ongoing construction at the Bank’s clinic premises is actually intended for an official service post for the Central Bank and not a residences for the Governor.

The Bank of Ghana has also advised Mahama Ayariga to consult the Public Procurement Authority (PPA) for further clarification on the project.

Central Bank sources emphasized that the construction complies with official requirements and was not intended for private housing.

The BoG’s response to the RTI query, which was dated June 18, 2024, seeks to clear up any misunderstandings about the construction project related to the Governor of the Bank of Ghana (Ernest Addison).

Dr Ernest Addison is currently in his second and final term as Governor of the Central Bank.

See below a copy of the RTI reply:

MA/NOQ