Rural Banks Urged To Reduce Online Fraud

Boards of directors and management of rural and community banks are required to create an organizational culture with high priority, in accordance with policies and regulations. They must maintain high standards of ethical and honest at all levels to minimize the impact of the fraud of the bank.

An official of the Department of Banking Supervision of the Bank of Ghana, Owusu Ankomah, made the call in Kumasi. He said that although the fraud can not be completely avoided, banks can reduce the probability of its occurrence and minimize the impact of losses. Owusu Ankomah computer to realize that fraud can have a negative impact on profitability, reserves and capital, banks and rural communities through provisions for unrecoverable commit fraud.

Also, depending on the magnitude of the value of fraud and rural and community banks, which eventually led to its collapse and withdrawal of his license and settlement. He attributed part of the activities of bank fraud, inadequate knowledge of information technology management systems lax criminal greed and the thirst for wealth.

Owusu Ankomah rating supervisor and director of the acquisition of management skills and interest in the operations to ensure effective monitoring of information systems technology.