Twist of Fate: BoG Makes U-Turn, Reinstates About 100 Staff After Appointment Termination

About a 100 staff of the Bank of Ghana (BoG) can now heave a sigh of relief following dramatic reversal of the bank‘s decision to terminate their appointments.

The BoG this week has come under intense public scrutiny with the minority in parliament organizing a press conference to criticize the bank for terminating the appointments of the newly recruited staff.

The Central Bank had earlier justified its decision to lay off the workers explaining that the move was purely based on performance evaluations. The bank says these staff were on probation but however, failed to meet the required standards.

This decision has been challenged with critics reading political motivations into the actions of the bank.

But in a quick turn of events, the affected staff have been recalled to their posts. Sources say the U-turn followed a meeting by the bank’s board earlier this week.

The new twists, some analysts say, might have been influenced by legal considerations, reputational risk, or pressure from staff and lawmakers.

For now, the BoG has not clarified whether those reinstated will undergo another probationary review or concede their earlier retrenchment.

Meanwhile, stakeholders are calling for greater transparency in the central bank’s personnel practices to avoid similar abrupt twists in the future.

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