Deputy General Secretary of the ruling National democratic Congress (NDC), Kofi Adams, has refuted assertions that the newly constructed national headquarters of the party was at a cost $20 million.

Addressing the issue which has become topical in political circles, Mr. Adams, who is also aspiring for the position of a National Organizer, was empathic about the fact that the building could not have cost anywhere close to the said amount.

“..Is it that those throwing that amount around have such monies to spend anyhow? Do you know what $20 million could do? It is not so,” he said on Okay FM's Ade Akye Abiaprogramme.

He also hinted at the fact that the party has entered into a lease agreement with the owner of the building though he has no knowledge of the cost.

This disclosure comes on the heels of an ongoing debate on the source of funding and the cost of the construction of the new headquarters of the ruling party, located in Adakbraka.

Many have gone to the extent of speculating that leading party members, including the embattled businessman Alfred Agbesi Woyome who was wrongfully paid a judgment debt to the tune of about GHC52 million are the financiers of the ultra-modern office complex.

But Kofi Adams’ revelation also comes ahead of the commissioning of the building where the General Secretary of the party, Johnson Asiedu Nketia is expected to unravel all the mystery surrounding the ownership of the building and its cost.