Octagon Executive Lodge was inaugurated as a result of the establishment of a mining site in the Kenyase area of the then Brong Ahafo Region. Newmont Mine, the first gold mine in the region, was established to become one of the vast mining sites aside Obuasi, Tarkwa and Prestea mining towns. Accommodation and allied facilities needed to spring up to meet the demands of the increasing population. As such, the facility was purposely built to satisfy the needs of its customers.