{
  "id": 11385644,
  "title": "Bank of Ghana's staff cost is not up to half of 40% of our operational cost - Asiama",
  "url": "https://urgent.news/2026/10/02/bank-of-ghanas-staff-cost-is-not-up-to-half-of-40-of-our-operational",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T07:09:47.000Z",
  "source": {
    "name": "3News",
    "slug": "3news",
    "url": "https://3news.com/news/bank-of-ghanas-staff-cost-is-not-up-to-half-of-40-of-our-operational-cost-asiama"
  },
  "original_language": "en",
  "account": "Dr. Asiama, the Governor of the Bank of Ghana, stated during the 132nd Monetary Policy Committee (MPC) press conference that the bank's staff cost should not exceed 40% of its operational cost. While the figure may appear significant in absolute terms, it is currently well below that threshold. The real cost pressures for the bank, according to Dr. Asiama, are the operational and maintenance (OMO) cost and the cost of stability.\n\nDr. Asiama highlighted that when he assumed leadership at the central bank, there were numerous areas that were not being monitored, including the virtual asset space, data analytics, artificial intelligence, and cyber monitoring. To address this, the new leadership had to recruit additional staff. He also mentioned that every year, between 50 and 60 employees retire from the Bank of Ghana, necessitating replacements to meet the bank's mandate in the evolving technology landscape, particularly in the FinTech space.\n\nDespite the current significant staff costs, Dr. Asiama believes that over time, the costs will decrease as the bank continues to match new recruitments to the number of retirements on a yearly basis.",
  "summary": "He said that, by way of staff cost, you have to put it into proper context",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "3News",
        "title": "Every year between 50 and 60 staff of Bank of Ghana retire - BoG Governor",
        "url": "https://urgent.news/2026/10/02/every-year-between-50-and-60-staff-of-bank-of-ghana-retire-bog",
        "published": "2026-10-02T07:01:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}