The Governor of the Bank of Ghana, Dr. Ernest Addison, has noted that the Central Bank’s new headquarters, named 'The Bank Square' is pivotal to Ghana’s central banking systems.

According to him, the ultra-modern facility was designed with a futuristic mindset to serve Ghanaians on a broader spectrum.

Speaking at the commissioning of the building on November 20, 2024, in Accra, Dr. Addison said, "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 for that matter, our nation.

"This building will play a pivotal role in shaping Ghana’s identity as leading force in Africa’s financial ecosystem, symbolizing Ghana's growing influence as an economic powerhouse on the world stage," he added.

The project according to the Governor was designed by internationally celebrated architect, Sir David Adjaye.

He added that this building is “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 revitalization for generations to come.”

Here are key features of the building as described by the Governor

1. Clad in durable stone, the building symbolizes permanence and resilience, much like ancient monuments that have withstood the test of time. This material not only conveys the Bank's stature but also requires minimal maintenance and supporting the building’s sustainability goals. This architectural form reflects the Bank’s role as a regulatory authority and affirms its importance within the nation’s economic framework.

2.Standing at 100 meters, it is not only the tallest building in Ghana, but also the most sustainable EDGE Advanced structure of its size in the country and in the sub-region. This landmark complex is entirely powered by its own harvested solar energy, setting a new standard for environmentally conscious civic and public buildings across Africa.

3.Together, the four buildings will accommodate over 2,500 staff and alongside offices and public banking facilities, there is a currency museum, conference and press amenities, 1,500 seat auditorium and rooftop terraces.

The building is estimated to cost $250 million.

The Governor said despite all the innovative features of the building, by acquiring the services of local partners, the Management of Bank of Ghana has ensured that the value for money assessment of the project can boast of a lower cost per square meter than comparable projects in Accra.

“In addition, the construction of THE BANK SQUARE has provided an invaluable opportunity for hundreds of local workers to upskill their trades and crafts. It has equipped them with expertise to create buildings that set new standards in sustainability and craftsmanship, positioning them at the forefront of modern construction in Africa.

“This state-of-the-art facility will foster creativity, collaboration, and efficiency, and undoubtedly it will enhance productivity in the Bank and further drive our success. We envision this building as a hub for innovation, where more groundbreaking ideas will be born and nurtured. It will be a place where our new generation of officials will thrive and achieve new heights in modern central banking,” he added.

The ceremony was graced by the President, the Vice President, the Governor of the Bank of Ghana alongside other dignitaries in the industry.

SSD/OGB