Okudzeto Ablakwa writes: How independent audit exposed BoG’s GH¢711.21m expenditure commitment on new head office

Thanks to independent auditors at Deloitte, we now know from page 86 of Bank of Ghana’s 2022 Annual Report and Financial Statements that the Bank of Ghana made a staggering GH¢711.21million expenditure commitment in its crisis year of 2022 on reckless projects such as its scandalous new head office, remodeling of regional offices and construction of a guest house in Tamale.

What is equally disgraceful and condemnable was BoG’s attempt to conceal these risky humongous transactions by its disingenuous refusal to disclose them in its original financial statement presented to auditors. Regrettably, the auditors had to make their own discovery.

If the Bank of Ghana had nothing to hide and was really proud of its sleazy new headquarters project and all the other dubious constructions, why did they deploy such elaborate opaque concealment schemes just to avoid accountability?

Is this the nation-wrecking conduct Ken Ofori-Atta is asking Ghanaians to support?

Imagine what GHS711.21million can do for struggling Ghanaians who have been forced to accept financial haircuts by the same cabal who destroyed the Ghanaian economy.

Judgement Day won’t be long in coming.

For God and Country.

Ghana First. 🇬🇭