Fraud costs banking industry US$67bn annually ; Two institutions commit to support country’s banks

The boom in digital payment platforms and digital banking systems have come with its own risks and cost to the financial industry. Latest figures from the Association of Certified Fraud Examiners (ACFE) indicates that the global financial industry loses about US$67 billion to fraud related activities annually. The United Nations Office on Drugs and Crime […]

ECG uncovers 1,000 illegalities

The Electricity Company of Ghana (ECG) has uncovered over 1,000 illegalities carried out by some customers during the first week of meter auditing in Accra. This is in spite of the six-week grace period the company gave to customers to report anomalies for rectification. The illegalities identified included meter tampering and bypass, self-reconnection and unauthorised […]