The New Patriotic Party (NPP) has called on the government to provide unequivocal assurances that any plan to sell the new headquarters of the Bank of Ghana (BoG) has been permanently abandoned, arguing that public denials alone are insufficient to dispel lingering concerns.
The call follows reports suggesting that the central bank was considering a sale-and-leaseback arrangement involving its new headquarters. Although the Bank of Ghana has dismissed the claims as false and misleading, the NPP maintains that the issue requires greater clarity from government.
In a statement issued on Tuesday, June 9, 2026, the opposition party said it had accepted the central bank’s June 2 denial in good faith but noted that concerns remain because the possibility of such a transaction had previously been raised publicly by Finance Minister Dr Cassiel Ato Forson.
According to the NPP, Dr Forson, during an appearance on Joy News’ PM Express on March 11, 2025, shortly after presenting the national budget, suggested that the Bank of Ghana could explore internal options for recapitalisation, including a potential sale-and-leaseback arrangement involving its headquarters.
The party argued that those remarks, coupled with recent media reports alleging a proposed US$260 million sale-and-leaseback deal, have fuelled legitimate public concerns over whether the proposal remains under consideration.
“We acknowledge the Bank’s denial and take it at its word that no such transaction is on the table today. However, the government must substantively abandon the idea,” the statement said.
The NPP stressed that if the government has no intention of pursuing such a transaction, it should demonstrate that commitment through clear policy decisions and transparent communication rather than relying solely on public statements.
As part of its recommendations, the party called for the publication of a comprehensive recapitalisation strategy for the central bank, detailing funding sources, financial instruments and timelines for restoring the institution’s financial position.
According to the NPP, selling the headquarters would not address the underlying causes of the Bank of Ghana’s financial challenges. Instead, it argued, such a move would provide only temporary relief while sacrificing a strategic national asset.
The party further warned that a sale-and-leaseback arrangement could leave the central bank saddled with long-term rental obligations while relinquishing ownership of a valuable property expected to appreciate over time.
It also raised concerns about potential conflicts of interest, noting that institutions regulated by the central bank could potentially emerge as owners, financiers or beneficiaries of such a transaction.
The NPP pointed out that the government and the Bank of Ghana have already agreed on a phased recapitalisation programme covering the period from 2026 to 2032 and urged authorities to focus on implementing that framework rather than considering asset disposals.
The party additionally called for greater transparency regarding measures being taken to strengthen the central bank’s balance sheet and urged government to discontinue policies it believes are contributing to the institution’s financial difficulties.
“The Bank Square belongs to the people of Ghana. It is not a distressed asset to be auctioned to plug a hole that prudent policy should never have created,” the statement said.
While the Bank of Ghana continues to insist that reports of a proposed sale of its headquarters are inaccurate, the NPP maintains that the government must go beyond denials and provide clear evidence that any such proposal has been conclusively ruled out.
The issue remains a subject of public debate amid wider discussions about the central bank’s recapitalisation strategy and the long-term management of state assets.
