Features
Staff involvement in fraud …A great concern

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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
Arming the Sikaman journalists to the teeth

THE relationship between New Times Corporation (NTC) and African Concrete Productions (ACP) is based entirely on matters of the stomach. Each depends on the other in a dietary symbiosis, reinforced by the close proximity of each other
At lunchtime, you’d see a particular set of Times workers marching regimentally to ACP to face the wall. You’d think they are soldiers. It has long been declared that the company manufactures the best kokonte in the Greater Accra Region. ACP is, therefore, a culinary haven for those NTC kokonte fans, both male and female.
As the NTC kokonte warriors cross the border to ACP, you’d see some ACP banku fanatics dancing joyously to NTC. They are lucky folks because they do not have to obtain visa to enter into ‘Times’ to attack the balls of banku with precision and accuracy. They also claim that the lightsoup at ‘Times’ is arguably the best in West Africa.
So the relationship between the two entities was quite cordial and based practically on stomach palaver, until ACP workers staged an industrial revolution, whereupon the managing director, accountant and estate manager were allegedly stripped naked and locked up in a room. An insurgency had began in earnest.
An ACP worker came to ‘Times’, this time not to eat banku and okro. He had come to inform newsmen that juicy stuff awaited them at ACP. It could make a front page lead story.
A camerawoman and a female reporter were accordingly dispatched to go and bring back news, juicy news as juicy as kokonte and groundnut soup.
I was driving to work when I espied the familiar camerawoman clicking away outside the ACP premises. I didn’t see any ‘Times’ reporter but angry workers who were on the verge of getting violent. I slowed down and the driver behind blew his horn at me like a lunatic. I drove on.
Later, I heard the reporter and camerawoman were harassed and brutalised. The report came,. “The camerawoman, Mrs Salome Adonu-Agbottah and reporter Mrs Doreen Allotey, in an attempt to retrieve the camera which the workers had seized from them were severely beaten. They were manhandled and almost pushed into a big gutter opposite the company’s premises.
BRUISES
“….The camerawoman had bruises on her body, her hand bag was destroyed and the money in it stolen. Mrs Allotey’s watch was also snatched and her feet stamped on.”
Luckily, it was not her nose that was trampled upon. She has a beautiful nose.
The bad news was received with extreme sorrow. If the victims had been men, it would not have seemed too bad. But to brutalise women is just unacceptable. The New Times Corporation has not stopped mourning the incident which has been condemned in many circles.
Some people keep asking me why Times sent females to cover a potentially violent demonstration. I tell them they might as well ask why CNN’s amazon, Christina Amanpour, is assigned to cover the carnage in Bosnia-Herzegovina and Rwanda. She is always on the frontline in jeans and jacket.
Journalism is a potentially hazardous profession, and once you accept to study and practise the trade, you might as well bone up to face any assignment as long as your superiors feel you are capable of handling it or you have demonstrated the capacity to handle it. Both males and females can be assigned anywhere, anytime just like policemen and women are assigned.
The only difference between cops and pressmen is that the latter are armed only with a pen and the former with a gun. The question is should newsmen also arm themselves so that in any event of an assault they would not be found wanting in self-defence? They can’t adequately defend themselves with a pen and a jotter. A pen cannot even disfigure an opponent’s upper lip.
Photo-journalists have particularly suffered violence. Spectator ace-cameraman Vincent Dzatse was severely assaulted by AMA men when he attempted to take pictures of their indiscretions.
Sports cameraman, P. K. Arthur has been beaten more than once at the sports stadium when riots errupted and he wanted to capture it on his lenses.
Some sports journalists have been banned from entering the Accra Sports Stadium by supporters because in their comments, they didn’t write “sense”. Some supporters once nearly lynched Christian Abbew, Spectator Sports Editor, near a courtroom. He was stoned like the biblical Stephen. He had gone to defend a contempt charge.
I think it is time journalists met and discussed how best to defend themselves in any event of an attack by individuals or mobs. In the pursuance of their duty, they must be free from harassment and assault.
Some journalists go to work and return home with a black-eye or a double fore-head. It is just not right. Something has to be done about it. I think journalists should be armed. But first we must be trained in the use of firearms so that our warning shot do not hit below the belt. What about training in Kung Fu?
This article was first published on Saturday, October 17, 1998.
Features
Why are so many young people dying early today?
Have you noticed how many young, seemingly healthy people both in Ghana and all over the world are suddenly falling seriously ill or dying young?
When news breaks of a young person suffering a sudden stroke, a heart attack, or a total physical collapse, people are often shocked and confused. They ask, “How could this happen? They were so young!”
Medical science often blames specific diseases, but if you look deeper at how the modern world treats the human body, a much bigger picture emerges. The real killer is not just a sudden illness it is a massive, ongoing wave of chronic stress, burnout, and modern pressure.
Here is a clear, step-by-step look at why this crisis is happening, explained simply.
1. The trap of endless pressure and “hustle culture”
What is happening: Today’s youth face an overwhelming amount of pressure. Whether it is trying to find a stable job, survive tough economic times, or meet high expectations from society and family, young people are told they must constantly work harder, push further, and never stop.
Why it is dangerous: The human body can handle short bursts of intense pressure, but it was never designed to be stuck in “survival mode” 24/7. When a young person spends months and years worrying about money, the future, and survival, their brain stays convinced they are in constant danger. This keeps stress hormones flooding their system day and night.
2. The slow poison of stress chemicals on young hearts
What is happening: When your body is flooded with stress hormones like cortisol and adrenaline for years, it takes a heavy toll.
Why it’s dangerous: In the past, severe heart and blood pressure problems were things older adults dealt with. Today, because of constant stress, young people are developing stiff blood vessels, high blood pressure, and overworked hearts early in life. When a young body is pushed past its absolute limit without rest, the heart can suddenly give out.
3. Smartphone overload and brain exhaustion
What is happening: Unlike past generations, today’s youth carry a 24/7 stress machine in their pockets: their smartphones. They are constantly bombarded with bad news, financial worries, and the pressure to look successful compared to everyone else online.
Why it’s dangerous: The brain never gets a moment of true peace. Because young people check their phones late into the night, their nervous systems never get to shift into “rest-and-repair” mode. They are burning fuel faster than their bodies can replace it, leading to deep neurological and physical burnout.
4. The dangerous habit of pushing through pain
What is happening: In many cultures-especially in vibrant, hard-working communities like those in Ghana-endurance is praised as a badge of honor. Young people are taught to “hustle hard,” hide their pain, and never complain.
Why it is dangerous: When you force yourself to ignore physical exhaustion, headaches, and chest tightness because you feel you have to “keep going,” your body pays the price. Unexpressed stress turns into physical tension and hidden inflammation. Over time, ignoring what your body is screaming for breaks the biological vessel down from the inside out.
Time for a wake-up call
The rising loss of young lives globally and locally is a tragic warning sign. It proves that our modern way of living-which values endless productivity and hustle over human health-is literally killing people.
To save the youth, we have to stop treating burnout like a joke and stop glorifying dangerous overwork. We need to teach young people how to protect their health, give their nervous systems a break, and realise that true success should not cost them their lives.




