Accra, Ghana//-Ghana’s President, Nana Addo Dankwa Akufo-Addo, today commissioned the new Bank of Ghana (BoG) head office, known as the “The Bank Square”, with an emphasis on the country’s quest to achieve economic stability through the central bank’s monetary policies.
The 22-storey building Bank Square located at Ridge in Accra comprises four components, namely the Amenity Pavilion, Urban Block, The Podium and the Tower.
Mr Akufo-Addo said the edifice shows progress in the country’s economic indicators, adding: “And as we stand here today, we are not only celebrating the physical structure of this imposing complex; we are also acknowledging the progress of our economy, which this edifice symbolises ”.
He backed his argument that data released by the BoG shows economic recovery, a sign of growth.
“Recent data from the Bank of Ghana paints a picture of resilience and promise. Ghana’s economy is on a recovery trajectory”, he said.
“The provisional GDP growth of 6.9% recorded in the second quarter of 2024 was driven by robust performances across all sectors. Non-Oil GDP growth of 7%, a test to the dynamism of our economy”, he added.
Mr Akufo-Addo pointed out that the sharp drop in inflation from 54.1 per cent in December 2022 to 22.1 per cent in October 2024 shows the efficacy of the Monetary Policy tools.
“There is every indication that the downward trend of inflation will continue. Evidence in the reducing prices of foodstuff and petroleum prices. There is a sense of optimism for the future”, he said.
In his welcome address, the Governor of the BoG, Dr Ernest Addison, said the new Bank Square would play a pivotal role in streamlining the operations of the central bank and promote employee wellness, efficiency and sustainability.
He added that the Bank Square was designed with the future in mind and stands as one of the most important modern civic landmarks in the city of Accra and the country.
He assured that the building would play a pivotal role in shaping Ghana’s identity as a leading force in Africa’s financial ecosystem, symbolising the country’s growing influence as an economic powerhouse on the world stage.
“By commissioning this product of the imagination of an internationally celebrated architect, Sir David Adjaye, a proud son of Ghana, we are boldly affirming our commitment to investing in the nation’s future. His architectural firm, Adjaye Associates, has created this enduring masterpiece—one designed to withstand the test of time and serve as a beacon of Ghana’s revitalisation for generations to come”, he said.
This iconic structure, built by a Ghanaian entity, Kwaku Bediako’s Goldkey Properties Limited, is proof of their creativity, expertise and perseverance, it stands as a landmark of pride for the people of Ghana in the beacon of our financial future.
As we celebrate this achievement, let us also reflect on our shared responsibility to continue building an economy that is inclusive and prosperous. Let the Bank Square remind us of the importance of governance, visionary leadership and an unwavering commitment to the well-being of all Ghanaians”.
The Bank Square, which is situated in the heart of Accra, is a landmark in modern architecture and an achievement in Mixed-Use Development. Goldkey Properties, the EPC contractor and a subsidiary of the CH Group, executed this impressive project that comprises seven primary structures, each designed to blend functionality, aesthetics, and sustainability.
Designed to host 2,500 staff members, the complex includes ample multi-level parking and is set in a lushly landscaped environment. The design supports both operational efficiency and environmental consciousness, blending functionality with beauty.
The Bank Square is environmentally efficient and is set to be one of the most advanced solar-powered office buildings in West Africa. Sustainability is at the heart of the design, with features such as rainwater harvesting, UV-protected glazed windows, and a unique natural stone façade that self-cleans, reducing maintenance needs. This ensures that the complex will serve its purpose for decades to come, minimising future costs.
