Quarterly Fraud Report by the Bank of Ghana indicates that Identity theft is one of the most prevalent fraudulent acts on the market in recent times. Identity theft enables fraudsters to hack into their victim’s emails and confidential details and issue instructions to their banks for money transfers. Head of Conduct Supervision Unit of Bank of Ghana, Augustine Donkor, gave the caution when...
As part of moves to enhance security in the banking sector and reduce cases of fraud, Clari5, a leading global financial fraud management company has over the last two years partnered with CWG Ghana Limited to prevent crimes in the sector. The partnership is coming at a time the Bank of Ghana (BoG) recently announced that GH¢61 million was lost...
The ARB Apex Bank PLC, a mini central bank that offers support services to the rural and community banks in Ghana, has recorded satisfactory growth in almost all the financial indicators in the 2021 year under review. The bank recorded improvements in some of the indicators though other major performance indicators of the bank for the year 2021 declined. Total...
The Pan African Payment and Settlement System (PAPSS) offers an opportunity for countries in the ECOWAS region to expedite the long-awaited goal of a single currency within the West Africa Monetary Zone, Head of Mission, Afrexim Bank, Eric Monchu Intong, has said. Mr. Intong, who was speaking on the theme: ‘Trade Finance and Pan African Payment Systems’ at the UPSA...
