At least 155 staff of banks and specialised deposit-taking institutions (SDIs) were dismissed in 2024 for their involvement in various fraudulent activities, according to the Bank of Ghana's (BoG) latest annual fraud report.
The report reveals that 83 of the dismissals - representing 54 per cent - were directly linked to cash theft and suppression, highlighting the persistent threat of internal financial misconduct within the industry.
The BoG notes a sharp 33 per cent increase in staff involvement in fraud across banks, SDIs, and payment service providers (PSPs).
In total, 365 employees were implicated in fraud in 2024, up from 274 the previous year. "Cash theft/suppression remains the most prevalent staff-related fraud, accounting for 75 per cent of reported internal cases," the report stated.
