The Bank of Ghana’s annual report has revealed that GH¢131.586 million was spent on motor vehicle maintenance/running as of December 2022.

This is away from the GH¢61.510 million spent over the same period in 2021.

The report also noted that personnel costs were GH¢1.620 billion away from the GH¢1.260 billion recorded in 2021.

For foreign and domestic travel, the Central Bank spent GH¢97.437 million. This indicated over a 300% increase in the GH¢28.176 million recorded in 2021.

Communication expenses and banking college and Monetary Institutes expenses were GH¢32.020 million and GH¢13.252 million respectively.

Computer-related expenses and banking supervision expenses were GH¢ 67.987 million and 357.923 million respectively.

A general analysis of the balance sheet indicated that there was a more than 100% increase in most of the Bank’s expenditures in 2022 as compared to the previous year.

SSD/NOQ

See the full report below