Features
Staff involvement in fraud …A great concern

The Bank of Ghana, among others, ensure effective and efficient operations of the
banking and credit systems, and support general economic growt
It is becoming increasingly clear that some personnel of financial institutions are involved in fraudulent activities to dupe their customers and make more money to meet their own selfish ends.
This is a matter of great concern to the Bank of Ghana as well as management staff of some of the financial institutions. What this means is that the financial institutions are expected to put in more measures aimed at exposing all those involved in this shameful practice.
WHY FRAUDULENT DEALS?
The question is why the staff of any financial institutions be involved in such fraudulent deals?
Many young people of today do not pay attention to integrity but are only concerned with making money in the shortest possible time. Again, many of the institutions take things for granted and, therefore, give room to some of their staff to engage themselves in fraud. More importantly, however, young people of today as well as some adults think of acquiring wealth without recourse to the business growth of the organisations that they work for. This is a very unfortunate situation.
Such fraudulent deals erode the confidence that customers have in the various types of institutions that operate in the country. If nothing is done about it, many people will begin to lose confidence in making use of the services of these financial institutions.
ROLE OF FINANCIAL INSTITUTIONS
Banking institutions in any country play a great and significant role in economic development. Banks and other financial institutions help to mop up savings from people and use such savings as a financial resource to facilitate the operations of business enterprises. These business enterprises may operate on a large, small or medium scale, so without the mobilisation of funds from individuals and organisations, it becomes very difficult for the central bank and the government to get enough funds to finance economic activities in the country.
Without such financing, business operations will come to a standstill and show very little growth in the economy. Start-up business entities as well as existing ones are able to help business organisations to expand through such financing. The mopping up of financial resources to make it possible for business organisations to get access to finances for business purposes is, therefore, important if we are to ensure business growth and economic expansion. Such growth and business expansion is what helps to bring about enhanced economic welfare in the country.
STAFF COMPLICITY IN FRAUD SOARS
According to the Bank of Ghana, staff involvement in fraud has seen an increase since last year. This unpleasant development must be discouraged without delay.
Staff of Banks and other Specialised Deposit-Taking Institutions involvement in fraud, constituted 53.46 per cent of total fraud cases in 2021, a report by the Bank of Ghana has noted. This canker continued to increase in the year under review.
Statistics indicate that staff involvement in fraud cases increased to 278, as compared with 253 in 2020, representing an increase of 9.88 per cent in year-on-year terms.
For 2021, the Rural and Community Banks recorded the highest rate of staff involvement in fraud with a figure of 46.04 per cent. The Universal Banks accounted for 28.06 per cent, while the Savings and Loans Companies accounted for 16.55 per cent.
LACK OF HONESTY & INTEGRITY
The banking staff are getting involved in such disgraceful acts because of the lack of honesty and integrity on the part of many of them. The way the banks recruit their personnel must be made more rigorous, so as to weed out all those who are likely to fall prey to fraudulent activities with the aim of making massive wealth for themselves within a very short time.
Also, staff of financial institutions found to be involved in fraudulent deals must be made to face the rigid consequences of the law, so as to deter others from doing same.
LACK OF ADEQUATE CONTROL SYSTEMS
This issue, unpleasant as it is, cannot be swept under the carpet. The Bank of Ghana said the consistently high rate of staff involvement in fraud cases reported by Banks and SDIs may be due to lack of adequate control systems in the financial institutions (especially the Rural Banking sector), poor background investigations on prospective, newly appointed and temporary staff, poor remuneration in the Banking and SDI sectors, among others.
These factors accounting for the fraudulent behaviour of some staff of the financial institutions must be eliminated from our society by hook or crook. Things should not be taken for granted.
APPROPRIATE CORRECTIVE MEASURES
Rather, the appropriate corrective measures needed must be put in place to ensure that the banking and financial sectors are sanitised once and for all, so that business growth in the country can be guaranteed.
It is this guarantee that will smoothen out all the rough edges to make it possible for business operators to be encouraged to carry out their successful business activities without any fear.
By Dr. Kofi Amponsah-Bediako
Features
Press freedom & the bearded goat

THE journalist is a hunter. He goes after human rats and grasscutters personified, matters about whom he can salt and spice and present as news. The fatter and juicier the catch, the better, because sensation is essentially our cup of tea.

Our job is to sell news and sell it in grand style.
Because the journalist is a hunter and is created with a special kind of nose for sniffing out news, he is usually not welcome in many places. He is seen as someone who has been born to make people uncomfortable.
The problem is that some people don’t want things written about them even if it is promotional and favourable. When it entails publishing their pictures alongside the story, they are doubly scared.
“Please, don’t use my picture. People will think I’ve got money and come for loan,” someone told me.
Anyhow, journalists are seen as intruders, undesirables, born with plenty of okro in the mouth; maybe some also in the nose. Some of my friends are no longer too close because they fear I’d give them full coverage in the Sikaman Palava column. Ha ha ha! What a funny world!
Well, people like my Uncle, Sir Kofi Jogolo, my former classmate and born-mathematician, Kwame Korkorti, and ex-football star cum human-salamander Kofi Kokotako don’t mind featuring in the hilarious inches of this column. Kofi Owuo alias Death By Poverty is one personality who has to be mentioned in this palaver.
These are people who are going to live long, primarily because they see the world as one big ball of fun. When Kwame Korkorti was told that his dear mother was dead at home, he smiled and asked the bearer of the message whether his mother had cooked the afternoon meal before claiming she was dead. Until her death, Korkorti ate his lunch at his mother’s end.
When my Uncle Kofi Jogolo was picked and lost 1,500 dollars and a good amount of Sikaman currency, he didn’t lament the loss. Instead he was amused. In fact, he was almost glad about it, because he grinned from ear to ear, stroked his delicate moustache and congratulated the thief, adding that “He is smarter than I am.” Yeah, Jogolo is the man who employs a Swedish barber to trim his moustache.
And when Kofi Kokotako was unemployed and was nearly hit by an articulated truck, he called the driver a fool. “The idiot should have killed me,” he said to me. “Didn’t he know I was unemployed and suffering?”
Today, Kokotako is employed as a Reverend and is not doing badly at all. Thanks to the regular silver collection.
And what about Kofi Owuo, the celebrated poor man. His wife left him not because he was poor, but because he swore in front of her that he would never prosper.
The following dawn the wife packed bag and baggage and went back to her parents and told them all about her husband’s alliance with poverty. Her parents were bewildered and called the alliance unholy. They had no option than to send back Owuo’s drinks to end the marriage.
Kofi Owuo alias Death By Poverty did not contest the issue. He was more engrossed thinking about how to become poorer than to contest what he called a frivolous matter. The wife could go to hell, he said. These are people longevity smiles upon. Nothing worries them.
Getting back to talking about journalists. I’d say that anywhere there is journalism, the issue of press freedom is not too far away. Is the press free? That’s one question foreigners want answer to when they are on visit.
Well, journalists celebrate a yearly WORLD PRESS FREEDOM DAY to drum home the idea of press freedom as a very important thing in the practice of journalism.
This year’s was celebrated almost a fortnight ago but people didn’t see much of us because we are normally not good celebrants. We should have mounted a float to roam the entire capital, dancing asaboni to brass band music just like PTC did recently.
Although journalists are known to be very good dancers because they walk very much, on that day, they were all busy writing. It was the Minister of Information, Mr Kofi Totobi Quakyi who saved the day by addressing a forum organised to mark the day.
He is a man I’ve always admired since his radical university days. He spoke much on press freedom, cautioning the press not to abuse the freedom granted by the Fourth Republican constitution, but to use it for the progress of society.
Well, press freedom has been defined by many journalists as the freedom to ‘write nonsense’. This definition is not quite accurate. I asked one staff reporter to define press freedom. It took him fifteen minutes to put up something.
“Press freedom is the freedom that is enjoyed by the press that enables journalists to publish or broadcast any kind of material so long as it is absolutely true, is not libelous and slanderous, and is not against the national interest.”
I gave him eight out of 10, a straight A. I guess every journalist is old enough to know that certain things he or she writes is for or against the national interest. We certainly must guard against writing against the national interest; that is very important.
There is also the question of criticising government. The government can be criticized, so long as the criticisms are genuine and the President and his ministers are not insulted and called names. Let us criticize, but let us do it decently so that the journalistic profession can be revered, and its nobility acknowledged. We are not war mongers, are we?
One area in which journalists are not spoken well of is the complaint that they misquote people. Journalists sometimes misquote people, but in four out of five complaints it turns out that nobody is misquoted after all.
When we interview people they say things unreservedly and we publish unreservedly. When the publication is out and their friends or superiors read it and accuse them of having said too much to the press, then they start claiming they were misquoted.
We have encountered these ‘misquotation palaver’ every now and then and reporters are usually accused of this transgression. However, when they bring out their note-books or recorders, it is realised that they wrote nothing out of the way. “Book no lie”.
My advice to people who deal with the press is that if they do not want anything written, they shouldn’t say it. What they want to say is OFF-RECORD, then of course, there is no reason to say it. When you say it, you’re taking a risk. In that instance, you can’t also claim to have been misquoted or words put into your mouth.
And it isn’t every journalist who would be circumspect in matters that are supposed to be off-record, because journalists often want to be as sensational as possible to make their stories saleable. So say just what you want to see published and you won’t later regret it and claim you were misquoted.
Well, I’m not holding brief for journalists, because a few of us are notorious for colouring our reports sometimes sand-papering the words so much that they look very bright in front of readers.
As I once said, when the police tells one such notorious pressman that the thief stole a brown goat, the pressman would want to know whether the goat was bearded. Of course, the police would say ‘Yes’.
However, in the press report, it appears, “A gang of notorious goat-thieves were apprehended in the early hours of yesterday. In the car in which they were riding was a brownish-red goat having a long beard. Upon further examination, it was realised that the goat also had a greyish moustache.”
When the story appears, the police are naturally disturbed. A single thief turns out to be a gang of thieves. The goat also becomes a chameleon and changes colour to brownish-red. And a moustacheless goat overnight wears a greyish moustache whether you like it or not. Luckily the journalist does not add that the moustache was trimmed by a Swedish barber.
Yes, we have a few of such mischief-creating, chronically notorious journalists. But they are one in a hundred. In any case, we make the world. And we shall always do our best to make it a happy place to live in.
This article was first publish on Saturday, May, 20, 1995
Features
Mindset change: The Greater Works factor- Part 2
When I hear of people who are of the opinion that they cannot make it in life unless they travel abroad, l become sad.
Whenever I see on TV, news of people, that is migrants who have drowned in the Mediterranean Sea, while attempting to cross to Europe, l become filled with sadness and then anger.
The underlying factor is desperation born out of loss of hope, in life. When an individual tends to believe that his only hope of making it in life is to travel abroad, the risk of dying at sea, does not deter him or her.
The role of some pastors on shaping the mindset of people, especially the youth, leaves much to be desired. You hear them declaring on various media platforms how they can pray for you to get a visa to travel abroad, instead of encouraging them to find something to do to improve their lives as the Bible teaches that God will bless the work of their hands.
The GREATER WORKS CONFERENCE is geared towards renewing the minds of people with a specific focus on people of African descent to rid themselves of the negative perception of lack of capacity to excel in life.
Pastor Mensa Otabil believes that every human being, no matter the skin colour, was created in the exact image of God and therefore has the capacity to do exploits.
The whiteman was not created in the image of God while the Blackman was created in the image of something other than God. The Black person therefore can achieve whatever the whiteman can achieve.
The development in terms of industrialisation that is lacking which has generated unemployment for the youth, is due to lack of effective leadership. The lack of moral integrity in society, is what is causing the lack of job opportunities, which is as a result of corrupt acts which drive away private investment.
A culture of inferiority complex exists which needs to be dealt with, so the African can develop the self worth necessary for personal development which can then result in capacity deployment to avhieve personal goals.
Success in life begins with the individual’s recognition that he or she is capable of achieving the dreams he or she has conceived in his or her mind. The Bible teaches that the fear of the Lord is the beginning of wisdom, and the knowledge of the holy is understanding according to Proverbs 9:10.
Christianity was the driving force behind the development of Europe because no society can sustain development without high moral values. GREATER WORKS therefore is a deliberate project to shape the minds of people, especially the youth, who will become the leaders of our future, to prioritise morality in their daily lives.
This is the only way to see a massive transformation in every aspect of our lives as Ghanaians and Africans in Ghana and the rest of the continent.
Since the inception of the GREATOR WORKS CONFERENCE, it has made a lot of impact in the lives of many people from the youth up to the senior citizens level. I recall the testimony of a church member who was motivated and pursued higher education and became one of the youngest Chartered Accountants in this country. Year after year, the impact of the conference has been enormous and lives in Ghana and across the continent, are being transformed.
Black people have started regaining their self confidence and the youth have started getting into areas that previously were considered out of bounds. At a personal level, certain ideas that some years ago, l would have not dreamt about suddenly has become realistic dreams.
The Christian lifestyle has impacted on my children and those close to me. Mindset change starts with one individual, then another and then gradually it spreads like a viral infection until a critical mass is attained and them a massive impact. There is hope for the future.
By Laud Kissi-Mensah



