Tag: Banking Sector

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

Business, News August 11, 2022 Kennedy Mornah 0 Comments

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 […]

Confidence in Banking sector will take 10 years to bounce back – Kwame Pianim

Business, News December 5, 2019 Kennedy Mornah 0 Comments

Renowned economist Kwame Pianim says it will take a decade for confidence to be restored to the banking industry, following two years of sector reforms. The reforms saw the closure of some local banks and many other financial firms. Speaking in an exclusive interview on TV3‘s Business Focus on Monday, December 2, Mr Pianim said although the Governor […]