The Bank of Ghana (BoG) has re-engaged all 97 staff whose appointments were recently terminated, placing them on extended probation rather than upholding their dismissals.
The decision, which marks a sharp departure from the initial stance of reinstating only a select few based on operational demands, was confirmed by sources within the Central Bank on Wednesday, June 26, 2025.
According to insiders, all affected employees are expected to resume work next week, following a reassessment of their roles and relevance to the Bank’s evolving needs.
“This is well within the Bank’s authority,” a senior source noted, justifying the reversal.
“The Central Bank can re-engage terminated staff if their skills are deemed essential or if special circumstances warrant it.”
It is understood that the skills possessed by many of the recalled individuals were considered critical to the Bank’s ongoing operations, prompting management to issue a blanket reinstatement, albeit under strict scrutiny.
The decision, while surprising, is being framed internally as a pragmatic HR move rather than a policy shift, aimed at safeguarding institutional productivity amid increasing operational demands.
The reversal follows intense scrutiny over the BoG’s June 19 mass termination, which affected staff hired after December 7, 2024.
Those dismissed were cited for unsatisfactory performance during their probation period, though the Bank later admitted that procedural lapses occurred in some cases.
The BoG has since insisted that the decision to terminate—and now to reinstate—was rooted in internal policy and routine performance evaluation.
