The Bank of Ghana has strongly denied reports circulating that it plans to sell its newly constructed headquarters. The central bank issued a statement on June 2, 2026, calling the claims "false and misleading." It categorically stated it is not considering, discussing, or planning any sale of the new building, known as The Bank Square.
These reports, which cited unnamed sources, suggested the Bank of Ghana was exploring a sale and leaseback arrangement. The purpose was allegedly to strengthen the Bank's financial position after recent losses were reported. The MyJoyOnline publication had also suggested internal disagreement within the Bank's board regarding the proposal. However, the central bank has completely dismissed these allegations.
The Bank Square, commissioned in November 2024 and operational since September 2025, represents a significant investment. Its construction cost over US$260 million. The previous government viewed it as a long-term strategic asset. This denial comes amid public scrutiny of the Bank of Ghana's financial performance. In 2025, the central bank recorded a loss of GH¢15.6 billion. This was its second-largest loss since 2008, though less than potentially projected before balance sheet adjustments.
A sale and leaseback of such a strategic national asset would likely spark debate. It would question the appropriateness of divesting a key national resource to shore up financial figures. The Bank of Ghana's statement leaves no room for doubt on this matter. It urged the public to rely solely on official communications for accurate information.
The central bank stressed that unverified reports about its operations can damage public trust. They can also create unnecessary instability in Ghana's financial system. The Bank directed the public to its official website, verified social media accounts, and signed releases for confirmed information. The Banksquare is designed to support the central bank's functions for many decades to come.
The Bank of Ghana's clear denial aims to quell market speculation. It seeks to reinforce confidence in the nation's financial institutions. The potential impact of such a sale, had it been true, could have been significant. This included effects on investor sentiment and the broader economic outlook for Ghana. The Bank's proactive clarification is a crucial step in maintaining financial stability.