A whooping GHC 131.586 million was spent on motor vehicle maintenance last year by the Bank of Ghana, a report released by the Apex Bank has said.

In the previous year, a total of GHC 61.510 million was used to cover the same expenses.

Additionally, the report said personnel costs were GHC 1.620 billion, as compared to GHC 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.