The New Patriotic Party (NPP) has called on the government to provide definitive assurances that the new headquarters of the Bank of Ghana (BoG) will not be sold, arguing that official denials alone are insufficient to allay public concerns.
The opposition party’s demand comes amid ongoing debate over reports suggesting that the central bank had considered disposing of its newly constructed headquarters through a sale-and-leaseback arrangement as part of efforts to address its financial challenges.
Although the Bank of Ghana has firmly rejected the reports, describing them as false and misleading, the NPP insists that questions remain unanswered because the proposal had previously been publicly referenced by Finance Minister Dr. Cassiel Ato Forson.
In a statement issued on Tuesday, June 9, 2026, the party pointed to comments made by Dr. Forson during an appearance on Joy News’ PM Express on March 11, 2025, shortly after the presentation of the national budget.
According to the NPP, the Finance Minister suggested at the time that the central bank could explore internal options to strengthen its finances, including the possibility of selling and leasing back its headquarters.
The party said those remarks, combined with a recent media report alleging a proposed $260 million sale-and-leaseback deal, had fuelled concerns that the option may still be under consideration.
While acknowledging the Bank of Ghana’s June 2 denial, the NPP argued that the government must go further by explicitly ruling out any future attempt to dispose of the property.
“We accept the Bank’s assurance that no such transaction is currently being pursued. However, the government must make it clear that the proposal has been completely abandoned,” the statement said.
The party also urged the government to publish a comprehensive recapitalisation strategy for the central bank, detailing the funding mechanisms, timelines and financial instruments that will be used to restore the institution’s balance sheet.
According to the NPP, selling the headquarters would provide only temporary financial relief while depriving the country of a valuable national asset.
The party warned that a sale-and-leaseback arrangement could leave the central bank burdened with long-term rental commitments while ownership of the property passes into private hands.
It further expressed concern about the possibility of entities regulated by the Bank of Ghana becoming owners or financiers of the facility, raising potential governance and conflict-of-interest issues.
The NPP noted that the government and the central bank have already agreed on a phased recapitalisation programme scheduled to run from 2026 to 2032 and argued that efforts should instead focus on implementing that plan.
The party also called for greater transparency regarding measures being taken to restore the central bank’s financial health and urged authorities to avoid policies that could further weaken the institution’s balance sheet.
Describing the headquarters as a national asset, the NPP maintained that it should not be used as a short-term solution to financial challenges.
“The Bank Square belongs to the people of Ghana and must be protected,” the statement stressed.
The latest intervention sets the stage for continued public scrutiny of the central bank’s recapitalisation efforts, despite repeated assurances from the Bank of Ghana that no plans exist to sell its headquarters.