Not every staff implicated in fraud steals money – Bank of Ghana

The Head of the Fraud Investigations and Reporting Unit at the Bank of Ghana, Eric Cab-Beyuo, said financial institutions are required to conduct proper investigations and give affected staff a fair hearing before taking disciplinary action.

Mr Cab-Beyuo, however, disclosed that a significant number of employees implicated in fraud cases have faced severe disciplinary action.

The BoG official stressed that while institutions must take firm action against fraud, disciplinary measures must be based on evidence and the individual responsibility of each staff member involved.