The Bank of Ghana (BoG) has reinstated about 100 staff members whose appointments were previously terminated. The decision to recall the staff follows a meeting by the bank’s board earlier this week.
The BoG had earlier justified the termination of the staff, citing poor performance during their probationary period. However, the decision was met with criticism, with some reading political motivations into the actions of the bank. The minority in parliament had even organized a press conference to criticize the bank’s decision.
The sudden U-turn by the BoG has sparked speculation, with some analysts suggesting that the decision may have been influenced by legal considerations, reputational risk, or pressure from staff and lawmakers. The BoG has not clarified whether the reinstated staff will undergo another probationary review or concede their earlier termination.
The development has highlighted calls for greater transparency in the central bank’s personnel practices to avoid similar abrupt twists in the future.
Sankofaonline
