Parliament approves £17 million lease extension for Ghana International Bank building in London

Parliament has approved a £17 million lease extension that will enable Ghana to retain Regina House, the London property that houses the Ghana International Bank (GHIB), for an additional 150 years.

Supporters of the agreement argue that extending the lease protects a strategic national asset in one of the world's leading financial centres while creating opportunities for future redevelopment and commercial utilisation.

The approval paves the way for the government to renew the long-term lease on the strategically located property in the heart of London's financial district, securing Ghana's continued ownership interest in one of its most valuable overseas assets.