The Bank of Ghana has issued a set of guidelines and objectives for the domestic processing of payment card transactions in the country. According to a statement issued by the central bank, the move is pursuant to Section 4(e) of the Bank of Ghana Act, 2002 (Act 612) as amended and Section 101(2) of the […]
Read more
More than half (56 per cent) of the 2,670 fraud cases reported by banks and specialised deposit institutions in 2020 involved staff of the reporting institutions, the 2020 Banks & SDI’s Fraud report by the Bank of Ghana has indicated. Data recorded over the years shows a persistent trend of staff involvement in fraud cases, […]
Read more
The banking industry continues to record rising cases of fraud, with the latest figure hitting GH¢I billion in 2020, compared to GH¢115.51 million recorded in 2019. A total count of 2,670 cases of banking fraud were recorded in 2020, as compared to 2,311 reported cases in 2019. In all, there were 2,670 cases of fraud […]
Read more