Home General News Okudzeto Ablakwa hits back at BoG Governor over construction of new headquarters

Okudzeto Ablakwa hits back at BoG Governor over construction of new headquarters


Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has once again called the bluff of the Governor of the Bank of Ghana, Dr. Ernest Addison on the construction of the Bank’s new headquarters.

The MP in an initial social media post accused the bank of superintending over an over bloated contract for the construction of the head office which is allegedly at the cost of some $250m.

On Monday, the BoG in a press conference said they followed the right procurement laws in constructing the edifice, thereby rubbishing calls made by the MP and some other Minority MPs.

But in a rebuttal, Samuel Okudzeto Ablakwa is accusing the governor of the Central Bank of not only refusing to disclose the cost of the building but also advertising recklessness.

Excerpts of his Facebook post reads, “MisGovernor Addison still refuses to disclose to Ghanaians the latest cost of his majestic “legacy head office” project despite his verbose press conference and additional mumbo jumbo press statement. Is MisGovernor Addison embarrassed to publicly mention the colossal figure of US$222.79million which excludes the cost of land? (Copy attached).

“Why is MisGovernor Addison unable to explain to Ghanaians why his insensitive opulent legacy office project keeps spiralling out of budget from an initial PPA approved amount of US$81.8million to the current US$222.79million (excluding land cost)? Why is MisGovernor Addison still advertising the spectacular recklessness and gross mismanagement that has led to the BoG making unprecedented losses of GHS60.8billion and negative equity of GHS55.1billion.”

Read the full post with the link below:


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