The Bank of Ghana (BoG) has reversed its earlier decision to dismiss nearly 100 recruits employed in December 2024, following increased public scrutiny and internal deliberations.
According to Myjoyonline.com, the affected personnel have been formally notified that the termination letters previously issued have been withdrawn. They are now expected to return to work next week.
The Central Bank has yet to release an official statement on the development. However, insiders suggest that both internal and external pressures may have played a role in prompting the U-turn, with the Bank’s board reportedly reaching the decision during a meeting held this week.
Initially, the BoG defended the terminations as a standard outcome of a probationary performance review conducted by its Human Resource and Capacity Development Department. The process, according to the Bank, assessed each employee’s performance, alignment with institutional values, and potential contributions to strategic goals.
In line with that assessment, 97 individuals were deemed unsuccessful and were issued termination letters dated June 19, 2025, with the dismissal to take effect on June 23. The affected recruits were offered one month’s salary in lieu of notice and directed to return all BoG property in their possession.
However, the Bank’s recent reversal has raised questions over the initial justification. Some observers believe concerns over possible legal implications and reputational damage—particularly given the post-election timing of the original hires—may have influenced the new direction.
According to reports, rather than limiting reinstatement to a select group based on operational needs, the BoG has decided to place all affected individuals on extended probation. This revised approach allows the Bank to retain staff with needed competencies while continuing to assess their suitability.
“This is entirely within the Bank’s discretion,” a source said. “If the institution identifies essential skills among previously terminated staff or deems the circumstances exceptional, it can reinstate them accordingly.”
The recalled staff reportedly reported to the Bank on June 26, 2025, and are scheduled to resume duties in the coming week.
BoG officials maintain that each employment decision is evaluated independently, based on performance outcomes and institutional needs at the time.
On June 19, 2025, the BoG terminated the employment of 97 probationary staff who were hired shortly after the December 2024 general elections. The Bank cited poor performance during the six-month probation period as the basis for the non-confirmation of appointments.
The institution explained that the terminations followed an internal review, which also uncovered procedural lapses in some recruitment processes. Nonetheless, more than half of the new hires were confirmed after meeting the required standards.
Officials emphasized that the actions were consistent with contractual probation terms and were not aimed at any specific individuals or group within the organization. The Bank framed the initial dismissals as part of a routine human resource exercise.
