The Bank of Ghana has justified its decision not to confirm the appointments of some personnel recruited in December 2024, stating that the move followed a thorough evaluation conducted by its Human Resource and Capacity Development Department.
According to sources close to the Central Bank, the assessment was based on “considered performance outcomes, alignment with the Bank’s values, and the potential to contribute meaningfully to its strategic objectives.”
The Bank maintains that the exercise is consistent with its commitment to building strong institutional standards and fits within its broader human capital strategy. It further indicated that such processes align with the Bank’s mandate to enhance financial and operational stability.
Joy Business has gathered that approximately 97 newly engaged staff did not have their contracts confirmed after the six-month probation period. Nonetheless, the majority of those recruited in December 2024 were retained after successfully meeting the performance benchmarks.
The Central Bank insists the decision adheres to terms clearly outlined in all contracts, which stipulated that initial employment was “subject to satisfactory performance” during a six-month probation period. In letters dated 19 June 2025, the Bank informed the affected individuals that they had not passed the final assessment and, therefore, would not continue in their roles.
“This should be seen as a routine exercise, which is not targeted against any individual at the Bank of Ghana,” one senior official noted. “Such exercises are routine and form part of the institution’s commitment to maintaining a high-performance work environment.”
The Bank also reaffirmed that it follows the “principles of fairness, transparency, and due process” in all employment-related matters.
As part of its exit package, affected individuals will receive one month’s salary in lieu of notice, according to letters signed by the Head of Human Resource and Capacity Development Department. They have also been advised to return all Bank property by Monday, June 23, 2025.
Meanwhile, figures from the Central Bank’s 2024 accounts show that its Group Personnel Cost rose from GH¢2.3 billion in 2023 to GH¢2.9 billion in 2024.
Source: JOYNEWSONLINE
