A total of 75 employees of banks and Specialised Deposit-Taking Institutions (SDIs) were dismissed in 2025 for their involvement in fraudulent activities, according to a new report by the Bank of Ghana (BoG).
The report, published by the BoG’s Financial Stability Department and cited by Graphic Online on July 9, 2026, revealed that 44 of the dismissals, representing 59 percent, were linked to cash theft-related fraud.
Despite the dismissals, the report showed an improvement in staff involvement in fraud, with the number of implicated bank and SDI employees falling from 365 in 2024 to 219 in 2025, a 40 percent decline.
It also noted that dismissals in the banking sector dropped by 52 percent compared to the 155 recorded in 2024.
Among the 219 employees implicated in fraud, 139, representing 63 percent, were involved in cash theft and cash suppression.
However, the overall number of fraud cases across Ghana’s financial sector rose sharply, increasing from 16,733 cases in 2024 to 24,778 in 2025, representing a 48 percent jump.
The Bank of Ghana has therefore called on financial institutions, regulators, law enforcement agencies and the public to strengthen collaboration in combating fraud, particularly as digital financial services continue to expand.
