The disparity in salaries is further accentuated by the fact that BoG employees, unlike their BoE counterparts, owe the bank an average of GH₵566,046 (£51,459) per employee as of the end of 2022.
Togbe Afede XIV underscored the substantial personnel costs incurred by the BoG in 2022, amounting to GH₵1.62 billion with an average remuneration of GH₵735,361 per employee or GH₵61,280 monthly per employee, including various allowances, the salaries at BoG are notably high.
Additionally, employees also carry staff loans totaling GH₵1.247 billion, averaging GH₵566,046 per employee.