The Bank of Ghana (BoG) on Thursday reversed its earlier decision to terminate the appointments of nearly 100 personnel recruited in December 2024, following Minority intervention and internal discussions.
The termination of the appoints, which had initially been justified by the BoG as a routine post-probation review, is now shrouded in uncertainty, with the latest move raising questions about the original grounds for the dismissals.
Sources close to the development confirmed to the media that the affected staff have been informed that their contracts will no longer be terminated as earlier communicated.
The sources say the decision was taken at a board meeting held this week, and that the affected staff have been asked to resume work next week,
While the central bank is yet to issue an official statement explaining the reversal, internal sources say pressure from within and outside the institution may have influenced the change in course.
Earlier, the BoG had defended its action, saying the termination followed a rigorous evaluation process conducted by the Human Resource and Capacity Development Department. The bank cited “considered performance outcomes, alignment with the Bank’s values, and the potential to contribute meaningfully to its strategic objectives” as criteria for non-confirmation.
According to that account, 97 individuals did not pass the probationary assessment and were issued termination letters dated 19 June 2025, with an effective termination date of 23 June. The affected recruits were entitled to one month’s salary in lieu of notice and asked to return all institutional property.
However, this latest reversal casts doubt on whether the original termination decision was entirely performance-based. Some insiders suggest the move may have been influenced by legal concerns or reputational risks, especially given the sensitive timing of the recruitments—most of which occurred just after the 2024 general elections.
At a news conference on Tuesday, June 24, the Minority in Parliament strongly condemned the mass dismissal by the Bank of Ghana, describing the action as unconstitutional, unlawful, and morally unacceptable, demanding that the staff should be reinstated. Enditem
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