Tag: Financial Stability Department
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Cyber fraudsters attempt stealing GH¢329.7mn from banks — new BoG report
The Bank of Ghana’s 2018 report on fraud in the banking sector has revealed that cyber fraudsters attempted to steal at least GH¢325.9 million from financial institutions operating the country. The report prepared by the Financial Stability Department of the central bank and sighted by Citi Business News stated that the amount involved represents a…
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Banks lose GH¢19.1mn to theft committed by own employees — new BoG report
A Bank of Ghana report on banking fraud in the country has revealed that there is a growing number of employees of banks either stealing from customers or from their employers. 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…