{"id":1137788,"date":"2022-06-29T18:42:22","date_gmt":"2022-06-29T18:42:22","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/06\/29\/fraud-loss-to-banks-sdi-up-by-144-per-cent\/"},"modified":"2022-06-29T18:42:22","modified_gmt":"2022-06-29T18:42:22","slug":"fraud-loss-to-banks-sdi-up-by-144-per-cent","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/06\/29\/fraud-loss-to-banks-sdi-up-by-144-per-cent\/","title":{"rendered":"Fraud loss to Banks, SDI up by 144 per cent"},"content":{"rendered":"

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\n Accra, June 29, GNA – The total value of attempted fraud reported by Banks and Specialised Deposit\u2013Taking Institutions (SDI) for the year 2021 has amounted to GH\u00a2113 million, as compared to GH\u00a21billion reported in 2020.<\/p>\n
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Out of this amount, a loss of GH\u00a261million was recorded, as compared to a loss of GH\u00a225 million in 2020, representing an increase of 144 per cent on a year-on-year basis.<\/div>\n
The BoG made this known in its 2021 Fraud Report prepared by the Financial Stability Department of the Bank.<\/div>\n
The report showed that a loss of GH\u00a222 million was recorded for Automated Teller Machine (ATM) \/Point of Sale (PoS) fraud, which represented an increase of 161.90 per cent in year-on-year terms, rising from GH\u00a28.4 million in 2020 to GH\u00a222 million in 2021.<\/div>\n
There was also a significant increase in loss of 1,594.91 per cent in year-on-year terms for impersonation fraud where approximately about GH\u00a210 million loss was recorded, as compared to GH\u00a20.59 million in 2020.<\/div>\n
\u201cLending\/Credit Fraud also recorded a significant loss value of approximately GH\u00a28.2 million in 2021, as compared to the loss of GH\u00a20.62 million loss recorded in 2020, representing an increase of 1222.58 per cent in year-on-year terms.\u201d<\/div>\n
It was revealed that an attempted value recorded for forgery and manipulation of documents in 2021 rose to GH\u00a253million with a loss value of GH\u00a27million from an attempted value of GH\u00a28.5million and a loss of GH\u00a26.5million recorded in 2020.<\/div>\n
This represented an increase of 7.69 per cent on an annual basis.<\/div>\n
\u201cThe Rural and Community Banks recorded the highest rate of success of 91.39 per cent and closely followed by the Savings and Loans sector, which recorded a success rate of 82.51 per cent,\u201d the report said.<\/div>\n
The Fraud report also indicated that suppression of cash and deposits recorded notable losses for the period under review.<\/div>\n
It stated that a loss of GH\u00a24.2 million was recorded in 2021, compared to GH\u00a22.3 million in 2020, representing an increase of 82.60 per cent on a year-on-year basis.<\/div>\n
Meanwhile, E-money fraud also recorded a significant loss of GH\u00a23.2 million in 2021, as compared to a loss of GH\u00a21.04 million recorded in 2020, representing an increase of 207.69 per cent.<\/div>\n
\u201cCyber\/Email fraud recorded a loss value of approximately GH\u00a22.5 million, as compared to a loss of GH\u00a2 1.05 million recorded in 2020, representing an increase of 138.09 per cent in year -on -year terms\u201d the report highlighted.<\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Accra, June 29, GNA – The total value of attempted fraud reported by Banks and Specialised Deposit\u2013Taking Institutions (SDI) for the year 2021 has amounted to GH\u00a2113 million, as compared to GH\u00a21billion reported in 2020. Out of this amount, a loss of GH\u00a261million was recorded, as compared to a loss of GH\u00a225 million in 2020, […]<\/p>\n","protected":false},"author":1,"featured_media":1137792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1274,77,5504,1300,19314],"class_list":["post-1137788","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-banks","tag-cent","tag-fraud","tag-loss","tag-sdi"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1137788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1137788"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1137788\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1137788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1137788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1137788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}