The Bank of Ghana (BoG) expanded its workforce to 2,368 employees by the end of 2024, according to its 2024 Annual Report and Financial Statement.
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The report highlights that 201 new staff were recruited last year, while 64 exited, resulting in a net increase of 137 workers, a 6% rise from the 2,233 recorded in 2023.
Boosting Human Capital
To strengthen its human resource capacity, the Bank:
- Updated its HR policy handbook
- Continued implementing the Human Capital Support Project
- Enhanced its Performance Management System (ePMS) with automated job descriptions and competency tracking
- It also held an Employee Appreciation Day to recognize exceptional performance.
Banking Sector Review
BoG Governor Dr. Johnson Asiama noted that Ghana’s banking sector showed continued improvement in asset growth, liquidity, and efficiency. The industry’s Capital Adequacy Ratio stood at 14%, well above the 10% minimum requirement.
However, non-performing loans (NPLs) remain a concern. In response, the Bank enforced stricter credit risk management and issued new directives to bolster sector resilience.
Promoting Inclusion and Consumer Protection
The Bank also pushed forward on financial inclusion efforts by:
- Expanding mobile money and digital wallet access
- Enhancing payment system security
- Issuing a new Persons with Disabilities Directive to ensure equitable access to financial services
These reforms aim to bridge the gap between traditional banking and underserved populations.
