The Bank Square: I admire govt’s courage to award major civil work contracts to 100% Ghanaian-owned companies – Gabby

A leading member of the New Patriotic Party (NPP), Gabby Otchere Darko, has congratulated local contractors who built the new headquarters of the Bank of Ghana, The Bank Square in Accra which was commissioned on Wednesday, November 20.

Gabby says he admires the courage with which this government has awarded major civil works contracts, such as the Tema Motorway, to 100% Ghanaian-owned companies.

More and more Ghanaian companies that are deliberately supported to grow, which also are determined not to compromise on quality, are now becoming multinationals, winning big contracts within Africa’s single market and beyond, he said.

In a Facebook post, he said “The new Bank of Ghana building, at 22 floors, plus 3 floors below, is the tallest office building in Ghana. It is one of the most impressive financial houses in the whole of Africa. The design is ageless and the feel majestically classy.  The cost per square foot is cheaper than the average in Ghana and internationally. We must celebrate it for many reasons. First, for the leadership that had the courage and foresight to take that bold decision to make it happen.  Governor Addison, Ayekoo! Beyond that, for me, key among the things to celebrate is that it was designed and engineered by a Ghanaian, Sir David Adjaye (Adjaye & Associates), and built by a Ghanaian, Kwaku Bediako (Goldkey).

“When you see such a magnificent edifice which has immediately become one of the iconic landmark buildings to define a city, a city now described as the commercial capital of Africa because of AfCFTA, the foremost person to celebrate is the architect – the creator of the masterpiece. Please join me salute David Adjaye! Let us continue to believe in ourselves. The quality of the construction is also top notch. Goldkey has delivered on a project which ordinarily would have been won and awarded to a foreign company.  When I see the courage with which this government has awarded major civil works contracts, such as the Tema Motorway, to 100% Ghanaian-owned companies, like Maripoma, it gives me joy and hope.

“More and more Ghanaian companies that are deliberately supported to grow, which also are determined not to compromise on quality, are now becoming multinationals, winning big contracts within Africa’s single market and beyond. This is only the beginning.  Believe in Ghana.”

During the commissioning, Governor of the Bank of Ghana Dr Ernest Addison said that The Bank Square, was designed with the future in mind and stands as one of the most important modern civic landmarks in the city of Accra and for that matter, our nation.

This building, he said, will play a pivotal role in shaping Ghana’s identity as leading force in Africa’s financial ecosystem, symbolizing Ghana’s growing influence as an economic powerhouse on the world stage.

By commissioning this product of the imagination of an internationally celebrated architect, Sir David Adjaye, a proud son of Ghana, “we are boldly affirming our commitment to investing in the nation’s future. His architectural firm, Adjaye Associates, has created this enduring masterpiece—one designed to withstand the test of time and serve as a beacon of Ghana’s revitalization for generations to come,” Dr Addison said.

Architecturally, he added, The Banl Square is a bold statement of Bank of Ghana’s enduring presence and authority in the financial landscape. Clad in durable stone, the building symbolizes permanence and resilience, much like ancient monuments that have withstood the test of time.

“This material not only conveys the Bank’s stature but also requires minimal maintenance and supports the building’s sustainability goals. This architectural form
reflects the Bank’s role as a regulatory authority and affirms its importance within the
nation’s economic framework.

“Standing at 100 meters, it is not only the tallest building in Ghana, but also the most sustainable EDGE Advanced structure of its size in the country and in the sub-region. This landmark complex is entirely powered by its own harvested solar energy, setting a new standard for environmentally conscious civic and public buildings across Africa. Together,
the four buildings will accommodate over 2,500 staff and alongside offices and public banking facilities, there is a currency museum, conference and press amenities, 1,500 seat auditorium and rooftop terraces. Despite all the innovative features of the building, by acquiring the services of local partners, the Management of Bank of Ghana has ensured
that the value for money assessment of this project can boast of a lower cost per square
meter than comparable projects in Accra.

“In addition, the construction of THE BANK SQUARE has provided an invaluable opportunity for hundreds of local workers to upskill their trades and crafts. It has equipped them with expertise to create buildings that set new standards in sustainability and craftsmanship, positioning them at the forefront of modern construction in Africa.
16. Your Excellency, this is a civic building in the heart of Accra, that is designed to honour, shape and celebrate the future of Ghana. This state-of-the-art facility will foster creativity, collaboration, and efficiency, and undoubtedly it will enhance productivity in the Bank and further drive our success. We envision this building as a hub for innovation, where
more groundbreaking ideas will be born and nurtured. It will be a place where our new generation of officials will thrive and achieve new heights in modern central banking.”

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