Bank of Ghana Reverses Decision to Terminate Over 100 Staff
In a surprising turn of events, the Bank of Ghana (BoG) has reversed its decision to terminate the appointments of over 100 employees who were recruited in December 2024. The staff had received termination letters dated June 19, 2025, citing unsatisfactory completion of their probation period, but have now been asked to resume work.
The reversal comes after growing public attention and criticism from stakeholders, including the Minority in Parliament, who described the mass dismissal as “unconstitutional, unlawful, and morally unacceptable”. The BoG had initially defended its decision, stating that the termination followed a rigorous evaluation process.
The reasons behind the reversal are unclear, but insiders suggest that legal concerns, reputational risks, or financial pressures may have influenced the decision. The BoG’s personnel costs rose from GH¢2.3 billion in 2023 to GH¢2.9 billion in 2024, sparking speculation about the bank’s financial management.
Stakeholders have called for greater transparency and consistency in the BoG’s employment practices to avoid perceptions of political interference or managerial lapses. The BoG has yet to issue a public statement explaining the reversal or its plans for future evaluations.
