Ghana’s financial institutions are grappling with a significant increase in insider-related fraud, with staff involvement in such cases rising by 33% in 2024 compared to the previous year, according to the Bank of Ghana’s latest fraud report. The data reveals that 365 employees at banks and specialized deposit-taking institutions (SDIs)…

The Bank of Ghana's 2024 fraud report reveals a concerning trend in the country's financial sector, with total reported cases increasing to 16,733 last year, up 5% from 2023. While monetary losses from some traditional fraud methods declined significantly, new patterns of misconduct and digital fraud are emerging as growing…