The Agbogbo Mefia of Asori Region, Togbe Afede XIV, has expressed concern over the salaries of Bank of Ghana (BoG) staff.
Togbe Afede XIV, in an article dated April 11, 2024, stated that the central bank spent GH₵1.62 billion (GH₵147.27 million at the average cedi pound exchange rate in 2022) on 2,203 employees. Ta.
Togbe Afede XIV said when comparing the BoG and the Bank of England (BOE), the BoG pays £66,851 per employee while the BoE pays £95,829 per employee.
He said that unlike BOE employees who do not receive loans from their employers, BOG employees owed banks an average of GH₵566,046₵6,046 (£51,459) at the end of 2022. It is said that there is.
“It’s hard to believe how the operating income and expenses of some BoGs compare to those of the Bank of England (BOE). For example, BOG has GH₵1.62 billion ( At the average cedi-pound exchange rate in 2022, the company spent £147.27 million, equivalent to £66,851 per employee and approximately 38 times Ghana’s GDP per capita.
“Meanwhile, the BOE, with an average workforce of 4,675 people, spent £448 million, or £95,829 per employee, according to its 2021-22 financial report, which is the UK’s Equivalent to approximately 2.6 times GDP. Unlike BOE employees who do not receive loans from their employers, BOG employees have an average of GH₵6,046 (£51,459) per employee at the end of 2022. I owe it to
Agbogbomfia of Asori Region pointed out that BoG personnel costs will reach GH₵1.62 billion in 2022.
“The Bank’s staff costs amounted to GH₵1.62 billion₵2 billion. The total number of employees is 2,203, which means that the average remuneration in 2022 is a huge amount of GH₵735,361 per employee or some benefits. These employees also have employee loans worth GH 1,247 million₵, which is an average of GH 566,046 per person. he said.
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