The Bank of Ghana (BoG) has moved swiftly to dismiss reports suggesting that it is considering the sale of its newly commissioned US$260 million headquarters, insisting that no such discussions are taking place and describing the claims as completely false.

In a strongly worded statement issued on June 2, 2026, the central bank rejected allegations published by MyJoyOnline that it was exploring a sale and leaseback arrangement involving its iconic headquarters, popularly known as The Bank Square.

According to the Bank, reports that it was planning to dispose of the property to improve its financial position are inaccurate and have the potential to create unnecessary uncertainty within the country’s financial system.

BoG Issues Firm Denial

The controversy emerged after a publication cited unnamed sources who claimed that discussions were allegedly underway within the central bank and government circles regarding the future of the facility.

The report further suggested that the proposed transaction was aimed at strengthening the Bank’s balance sheet following recent financial losses.

However, the central bank wasted no time in rejecting the claims.

“The Bank of Ghana categorically states that this report is false and misleading. The Bank is not considering, discussing, or planning the sale of its new headquarters.”
BoG

The statement leaves little room for speculation and represents one of the strongest public denials issued by the Bank in recent months.

The Bank Square Remains a Strategic Asset

BoG emphasized that The Bank Square remains a critical strategic asset that plays an essential role in supporting its operations and enabling it to carry out its statutory responsibilities effectively.

The headquarters, commissioned in November 2024 and officially becoming the Bank’s operational base in September 2025, was conceived as a long-term investment designed to serve the institution for decades.

The facility has become one of the most recognizable landmarks in Ghana’s financial sector and was constructed at a reported cost exceeding US$260 million.

Government officials at the time of its commissioning described the project as a necessary investment in modern infrastructure to strengthen the country’s central banking operations and improve institutional efficiency.

The Bank’s latest clarification reinforces that position and signals that the facility remains central to its long-term operational plans.

Financial Challenges Fuel Speculation

The rumours emerged against the backdrop of growing public interest in the Bank’s financial position.

BoG recorded a loss of GH¢15.6 billion in 2025, making it the second-largest loss posted by the institution since 2008.

Despite the significant figure, the loss was reportedly lower than it could have been due to several balance sheet interventions implemented during the year.

These financial challenges have attracted considerable public scrutiny and generated discussions about possible measures the central bank could adopt to strengthen its financial standing.

It is within this context that speculation surrounding a potential sale and leaseback arrangement gained traction.

Financial analysts note that such transactions are sometimes used globally by institutions seeking to unlock capital tied up in real estate assets while continuing to occupy the facilities through leasing arrangements.

Nevertheless, BoG’s latest statement makes it clear that no such proposal is under consideration.

Concerns Over Market Confidence

Beyond rejecting the claims, the central bank expressed concern about the potential impact of unverified reports on public confidence and market stability.

The institution warned that misinformation regarding its operations could trigger unnecessary uncertainty within the financial system and create confusion among stakeholders.

As Ghana continues efforts to consolidate economic gains and strengthen investor confidence, officials appear keen to ensure that inaccurate reports do not undermine trust in key financial institutions.

The Bank’s response highlights the importance of accurate reporting, particularly when issues involve strategic national assets and institutions that play a critical role in maintaining monetary and financial stability.

Public Urged to Verify Information

To prevent the spread of misinformation, the Bank of Ghana has urged members of the public to rely exclusively on official communication channels for information relating to its operations.

The institution advised stakeholders to verify information through its official website, verified social media platforms, statements issued by its Communications Department, and signed releases from the Secretary to the Bank.

By issuing a comprehensive rebuttal, the central bank appears determined to bring the matter to a close and reassure the public that The Bank Square remains firmly under its ownership.

All in all, the US$260 million headquarters is not for sale, no discussions are underway, and reports suggesting otherwise are, according to the institution, entirely false and misleading.