- Bank of Ghana has reinstated all recently dismissed employees under extended probation
- The decision reverses the earlier plan to rehire only a select few based on skill needs
- The BoG emphasized the process was a routine HR exercise, not a targeted action
The Bank of Ghana (BoG) has placed all recently dismissed employees—whose appointments were terminated earlier this month—on extended probation, according to sources who spoke with JoyBusiness.
This development marks a shift from the Central Bank’s initial stance, which was to reinstate only a limited number of former staff based on specific operational needs and skill gaps. Instead, all affected individuals have now been offered a second opportunity, subject to close performance monitoring.
“This falls within the Bank’s mandate,” a source explained, defending the decision. “The BoG has the authority to re-engage former employees if their expertise is deemed necessary or if unique circumstances justify it.”
Insiders say the group possesses critical skill sets currently needed by the Bank, which influenced the decision to rehire them more broadly.
JoyBusiness understands the recalled employees were formally engaged on June 26, 2025, and are expected to resume work the following week.
The BoG also indicated that such decisions are made on a case-by-case basis, considering both the reasons for initial termination and current workforce requirements.
Background:
On June 19, 2025, the BoG terminated the contracts of 97 employees who had been hired after December 7, 2024. The official reason cited was unsatisfactory performance during their probationary period.
The affected staff received written notices indicating that their appointments would not be confirmed. The Bank clarified that the decision followed an internal review which found procedural lapses in some of the hiring processes.
Despite the terminations, the BoG confirmed that more than half of the new recruits passed their evaluations and had their appointments upheld.
Officials emphasized that the process was a standard human resource review in line with probationary terms outlined in employment contracts and was not aimed at any particular individuals or groups.
