The Bank of Ghana (BoG) has unveiled its new headquarters—Bank Square—a striking 22-storey tower that’s now the tallest office building in Ghana. Designed by Ghanaian architect Sir David Adjaye and constructed by Kwaku Bediako’s Goldkey Properties, the building is set to become an iconic part of Accra’s skyline, symbolising the strength and talent of Ghanaian architecture and engineering.
A New Era for Ghana’s Financial Hub
At the inauguration ceremony on 20th November, dignitaries from across Ghana and beyond gathered to witness the event. President Nana Akufo-Addo presided, emphasising BoG’s role as a vital force in Ghana’s economy. He highlighted the building’s significance as a reflection of Ghana’s economic resilience and ambition.
“Today is not just about a structure,” President Akufo-Addo said. “It’s a testament to the aspirations and hard work of our people.” He underscored the building’s role as a symbol of economic stability and forward-thinking development.
Proudly Built by Ghanaians
What makes Bank Square especially significant is that it was entirely designed and constructed by Ghanaians. David Adjaye’s timeless design gives the building an elegant, commanding presence in Accra. Both Adjaye and Bediako consider the project a milestone for Ghanaian architecture, demonstrating the capacity and skill of local professionals.
Kwaku Bediako’s construction firm, Goldkey, managed the project, successfully delivering a building of a calibre often associated with foreign contractors. President Akufo-Addo acknowledged this achievement as a positive shift towards empowering local businesses in key industries.
Reflecting Ghana’s Economic Progress
President Akufo-Addo also pointed to the building as a symbol of Ghana’s economic growth. In the second quarter of 2024, the country’s GDP expanded by 6.9%, driven by construction, industry, agriculture, and tourism. Inflation, which peaked at 54.1% in 2022, has now dropped to 22.5%, reflecting steady economic management and prudent policies.
“This marks the effectiveness of our monetary policy interventions,” the President said, commending BoG Governor Dr Ernest Addison and his team for maintaining financial stability.
Strengthening Ghana’s Economic Independence
Bank Square’s opening comes as Ghana records a $2.78 billion trade surplus, largely from gold and oil exports. With $7.5 billion in gross international reserves, the BoG has established buffers that protect the economy from global economic shifts.
President Akufo-Addo praised Goldkey’s work on the Bank Square as well as Maripoma, another Ghanaian-owned company handling large infrastructure projects like the Tema Motorway, as proof of Ghana’s capacity to lead major developments.
Celebrating Local Talent and Vision
As Ghana moves forward, President Akufo-Addo called on citizens to recognise the achievements of local professionals who contribute to the nation’s growth. Bank Square, he noted, is a source of pride for Ghanaians, representing a step towards economic independence and sustainable development.
The building’s debut, deeply rooted in local expertise, suggests Ghana’s most significant advancements are being powered by Ghanaian vision and skill. In his closing remarks, President Akufo-Addo encouraged the nation to ensure that Bank Square serves as a catalyst for growth, reinforcing Ghana’s financial systems for future generations.
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