Bank staff steal GH¢19.1mn of customers and bank money— new BoG report

Bank staff steal GH¢19.1mn of customers and bank money— new BoG report

- A Bank of Ghana report has revealed that employees of banks are either stealing from customers or from their employers

- According to the report, the involvement of the employees led to the loss of about GH¢19.1 million

- The report stated that in 2018, more than 2,170 cases of fraud were reported

A recent report by the Bank of Ghana on banking fraud has revealed that in Ghana, there is a growing number of employees of banks either stealing from customers or from their employers.

According to the Financial Stability Report, the involvement of the employees led to the loss of about GH¢19.1 million in the year under review.

In all the Financial institutions lost GH¢44.4 million to all forms of fraud in 2018 while employees related fraud accounted for 42 percent of the total losses.

The report prepared by the Financial Stability Department of the Bank of Ghana stated that in 2018, more than 2,170 cases of fraud were reported.

READ ALSO: 13-year-old eyewitness narrates how cops were killed at Kasoa

The report stated that out of that number, 1,239 cases were committed by banks’ staff in the form of suppressing cash or deposits from customers which according to the central bank shows a 78 percent increase in the 697 cases reported a year earlier.

“It is important to stress that about 99 percent of the fraud cases reported as suppression of cash and deposits were perpetrated by staff (either contract or permanent) of the financial institutions.

The alarming involvement of staff in the perpetration of fraud in the banking sector calls for significant reforms in the recruitment, remuneration, and disengagement of persons that are engaged by financial institutions,” the central bank report noted.

READ ALSO: Kasoa police killer, Eric Kojo Duah, arrested

In other news, Eric Kojo Duah, the main suspect in the killing of two police officers at Gomoa Buduburam near Kasoa in the Central Region has been arrested, YEN.com.gh has learnt.

Information gathered by YEN.com.gh, the alleged cop killer was busted while trying to flee the country to Togo.

According to a report YEN.com.gh sighted on Dailyguidenetwork.com, Duah was arrested around 2:00 am on Saturday, August 31, 2019, aboard an Aflao bound vehicle.

READ ALSO: Nana Ama McBrown finally shows her daughter's face

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Source: Yen.com.gh

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