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Bank of Ghana Reinstates Terminated Staff Following Stakeholder Engagement

Central bank walks back high-profile terminations, citing stakeholder dialogue and institutional goodwill as affected staff return to post

2 months ago
in Banking & Finance, Business, Economy, Editor's pick, Features, General, highlights, Home, home-news, latest News, News
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  • Bank of Ghana Reinstates Terminated Staff Following Stakeholder Engagement

In a striking policy reversal, the Bank of Ghana has recalled more than 100 staff members whose appointments were recently terminated after a post-probation review, following growing public criticism and political scrutiny. NorvanReports can confirm that the central bank’s management, after a closed-door meeting with the affected staff on Thursday, June 26, 2025, resolved to reinstate all those previously disengaged. The staff are expected to resume duties on Tuesday, July 1, 2025.

The decision, while unanticipated, underscores the mounting social and political sensitivities surrounding employment in public institutions amidst an economic climate marked by high youth unemployment and institutional distrust.

“This was a difficult but necessary course correction,” a senior official at the central bank, who requested anonymity, told NorvanReports. “We listened to public sentiment and engaged directly with the affected staff. In the spirit of institutional compassion and long-term development, we agreed to reverse the terminations.”

The reversal comes just almost a week after the central bank had initiated a large-scale post-probation staff review, resulting in the disengagement of employees who, according to the Bank, did not meet internal performance standards. The exercise, which followed HR policy to the letter, was initially positioned as a demonstration of internal discipline and professional benchmarking.

However, the decision quickly became a lightning rod for criticism. Civil society groups, former central bank officials, and some political figures questioned both the scale and timing of the exercise, urging the institution to reconsider in light of broader social realities and perceptions of fairness.

Insiders familiar with Today’s meeting between management and the affected employees said the tone was conciliatory. “It wasn’t about blame,” one participant noted. “The Bank acknowledged the emotional toll and made it clear they want to build—not break—talent.”

The reversal, though not a legal obligation, is being positioned as a voluntary act of goodwill by the BoG, intended to restore morale and re-anchor trust.

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This is a professional and mature decision. It takes courage to admit when a process, though lawful, may have produced unintended consequences. The Bank has responded with institutional grace,  NorvanReports can report

For the central bank, long regarded as one of Ghana’s most prestigious institutions, this episode serves as a reminder of the evolving expectations of public accountability. The decision to reinstate the staff may help mitigate reputational risk and reaffirm its image as a values-driven institution.

The reinstated staff, many of whom were devastated by the earlier decision, are now preparing to return to work with a mix of relief and renewed resolve. Some are reportedly being offered additional mentorship and onboarding support to ensure their successful integration and professional development within the Bank.

“We are grateful,” said one of the reinstated employees who asked not to be named. “This gives us a second chance to prove ourselves.”

 

Tags: Bank of Ghana (BoG)Bank of Ghana Reinstates Terminated Staff Following Stakeholder EngagementghanaNorvanReports

Comments 9

  1. Victor N. says:
    2 months ago

    Resetting Ghana.

    Reply
  2. Simon Wright says:
    2 months ago

    What nonsense we surrounded ourselves with idiots ruling the country? You NDC never concrete any project in the country but frustrating what have built by mindful and intelligent leader Akuffo Addo ,look today’s bank of Ghana building and tells Ghanaians if you deserve to occupy and trade your artificial degrees because of politics,shame to Ghanaians who vote for this idiots

    Reply
    • Mr. Bounch says:
      2 months ago

      Simon Wright. I think I need to change your name to ‘Simon Wrong’ cos your head is full of party bullshit and nonsense, you’re a threat to Ghana’s growth and development . If you get the guts to call the NDC idiots then imagine the kind of animal you are, people like you should be exported out of the country for goods and services. Try to learn sense, cos you and your foolish party would never ever step your filthy feet into power. Useless organisms

      Reply
    • PAUL ADAMS says:
      2 months ago

      While it is important to express your opinions freely, we should strive to communicate respectfully and thoughtfully. There are ways to convey our messages without resorting to harsh language. We need to remain guided and advocate for the truth. Many of us observed that former President Nana Addo faced challenges, and it is crucial for us to support the National Democratic Congress (NDC) in their efforts to improve Ghana. Let us keep them in our thoughts and prayers so that our nation can thrive once more. Let’s stop politicising everything and think of our nation, Ghana, first. We are Ghanaian first before any political party. Thank You

      Reply
    • Zac Young says:
      2 months ago

      Were you not brought up properly? You can disagree with others without resorting to insults.

      Reply
    • Nii says:
      2 months ago

      I beg check your bl3

      Reply
    • Kiki says:
      2 months ago

      Please learn. how to properly write grammar. You may have a point but yoir grammar is atrocious.

      Reply
  3. Seth Kofi kpotah says:
    2 months ago

    Simon is suffering from phycological madness, Simon shouldn’t compare orange to apple.
    Nana Addo and Bawumia’s administration is the most useless, hopeless and unproductive regime I have ever seen in this fourth Republic.
    It is only shallow minded people who will appreciate the foolishness of NPP.

    Reply
  4. S. Oduro-Kwarteng says:
    2 months ago

    You people, who are blaming BoG, are the same people who complain about BoG’s poor performance. In as much as we support the restatement, it is imperative that we acknowledge the weaknesses in soft skills, ethics and practical skills development in our Tertiary Institutions. We should allow BoG to enforce professional work ethics and results-oriented performance. Until when will Ghanaians’ bad attitude towards public sector work change for the better – we lack initiative, we are not meticulous, we are not selfless for our country, we are not results-oriented.
    We should allow our Institutions the autonomy to function. God help Ghana.

    Reply

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