A Professor at the University of Ghana Business School, Lord Mensah has said more questions need to be asked about the cost of the new headquarters of the Bank of Ghana despite the explanations provided by Governor Dr Johnson Asiama.
The new Governor, Dr Johnson Pandit Asiama revealed to Parliament on Wednesday, March 5 that the state under the previous Nana Akufo-Addo administration has paid $230 million to the contractor working on the new BoG building project, with an outstanding balance of $31.8 million still owed to the construction firm.
He disclosed that the total cost of the project has risen to $261.8 million, with the payments to the contractor being made as recently as February this year.
“As of February this year, a total of approximately $230 million has been paid towards the project, with an outstanding balance of $31.8 million still due to the contractor,” he stated in parliament on Wednesday, March 5.
Dr Asiama also noted that an additional $48.3 million has been paid in taxes and levies associated with the construction of the building.
But creating to this, Prof Mensah told journalists that “To warrant this amount is very huge, even if it will cost us 230 million, The initial estimation calls for so many questions, I think we need to ask questions about the numbers.”
In addition to the main building, the BoG Governor explained that several other facilities were part of the project, including an Integrated Communication and Computing (ICC) system and Network Infrastructure, which cost $8.6 million.
Other expenditures included integrated electronic security systems at $15.8 million and furniture and furnishings, which amounted to $11.1 million.
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