Bank of Ghana’s new headquarters
The Bank of Ghana’s 2024 Annual Report and Financial Statement revealed that the Bank’s staff population rose by 6 percent, reaching 2,368 by the end of December 2024, up from 2,233 at the end of December 2023.
According to the report, in order to strengthen its human resource capacity, the Bank updated its Handbook on Human Resource Policies to ensure its continued relevance and effectiveness.
In addition, the report stated that the Bank enhanced its HR functions, which included the automation of staff job descriptions and competency profiles through its enhanced Performance Management System (ePMS).
“The total number of staff recruited in 2024 was 201. A total of 64 members of staff exited the service of the Bank during the year. This resulted in a net intake of 137,” the report noted.
In the area of the banking sector, the Governor of the Bank of Ghana, Dr Johnson Asiama, stated in the foreword of the report that the sector’s performance continued to improve, supported by strong asset growth.
He added that financial soundness indicators reflected gains in solvency, liquidity, and operational efficiency across the banking industry.
The industry’s Capital Adequacy Ratio stood at 14 percent, above the prudential minimum requirement of 10 percent.
Despite these improvements, Dr Asiama noted that credit risk remained a concern, as the non-performing loan (NPL) ratios of banks had increased.
To mitigate this risk, he said, the Bank continued to enforce rigorous credit risk management and underwriting standards for regulated financial institutions.
“In addition, the Bank issued several directives to further strengthen the resilience of the banking sector. Looking ahead, these will require sustained reforms to strengthen the sector’s resilience,” he said.
Dr Asiama further stated that the Bank undertook several initiatives to promote financial inclusion, the fair treatment of customers, and adherence to consumer protection principles.
SP/MA
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