The Bank of Ghana (BoG) has defended its decision to terminate the appointments of several personnel recruited in December 2024, stating the move followed a rigorous performance evaluation.
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According to Joy Business, sources close to the Bank informed them that the affected staff failed to meet the expectations set during their six-month probation.
The Human Resource and Capacity Development Department led the assessment, which focused on individual performance, alignment with the Bank’s core values, and their potential to contribute to strategic goals.
“The process forms part of our human capital strategy and commitment to high institutional standards,” a senior official explained.
Approximately 97 individuals did not have their appointments confirmed, while a larger number passed the evaluation and were retained.
The Bank insists that the terms of each employment contract made clear the need to pass probation for confirmation.
On June 19, 2025, BoG formally notified the affected individuals. The Bank emphasized that the decision was based on routine internal review processes and not a targeted dismissal.
“This is a standard exercise designed to maintain a high-performance work environment,” a source said.
BoG further noted that each dismissed employee will receive one month’s salary in lieu of notice and has been asked to return all company property by June 23, 2025.
Meanwhile, the Bank’s 2024 financials show its Group Personnel Cost rose from GH¢2.3 billion in 2023 to GH¢2.9 billion in 2024, highlighting its growing wage commitments.
