Features
Staff involvement in fraud …A great concern

The Bank of Ghana, among others, ensure effective and efficient operations of the
banking and credit systems, and support general economic growt
It is becoming increasingly clear that some personnel of financial institutions are involved in fraudulent activities to dupe their customers and make more money to meet their own selfish ends.
This is a matter of great concern to the Bank of Ghana as well as management staff of some of the financial institutions. What this means is that the financial institutions are expected to put in more measures aimed at exposing all those involved in this shameful practice.
WHY FRAUDULENT DEALS?
The question is why the staff of any financial institutions be involved in such fraudulent deals?
Many young people of today do not pay attention to integrity but are only concerned with making money in the shortest possible time. Again, many of the institutions take things for granted and, therefore, give room to some of their staff to engage themselves in fraud. More importantly, however, young people of today as well as some adults think of acquiring wealth without recourse to the business growth of the organisations that they work for. This is a very unfortunate situation.
Such fraudulent deals erode the confidence that customers have in the various types of institutions that operate in the country. If nothing is done about it, many people will begin to lose confidence in making use of the services of these financial institutions.
ROLE OF FINANCIAL INSTITUTIONS
Banking institutions in any country play a great and significant role in economic development. Banks and other financial institutions help to mop up savings from people and use such savings as a financial resource to facilitate the operations of business enterprises. These business enterprises may operate on a large, small or medium scale, so without the mobilisation of funds from individuals and organisations, it becomes very difficult for the central bank and the government to get enough funds to finance economic activities in the country.
Without such financing, business operations will come to a standstill and show very little growth in the economy. Start-up business entities as well as existing ones are able to help business organisations to expand through such financing. The mopping up of financial resources to make it possible for business organisations to get access to finances for business purposes is, therefore, important if we are to ensure business growth and economic expansion. Such growth and business expansion is what helps to bring about enhanced economic welfare in the country.
STAFF COMPLICITY IN FRAUD SOARS
According to the Bank of Ghana, staff involvement in fraud has seen an increase since last year. This unpleasant development must be discouraged without delay.
Staff of Banks and other Specialised Deposit-Taking Institutions involvement in fraud, constituted 53.46 per cent of total fraud cases in 2021, a report by the Bank of Ghana has noted. This canker continued to increase in the year under review.
Statistics indicate that staff involvement in fraud cases increased to 278, as compared with 253 in 2020, representing an increase of 9.88 per cent in year-on-year terms.
For 2021, the Rural and Community Banks recorded the highest rate of staff involvement in fraud with a figure of 46.04 per cent. The Universal Banks accounted for 28.06 per cent, while the Savings and Loans Companies accounted for 16.55 per cent.
LACK OF HONESTY & INTEGRITY
The banking staff are getting involved in such disgraceful acts because of the lack of honesty and integrity on the part of many of them. The way the banks recruit their personnel must be made more rigorous, so as to weed out all those who are likely to fall prey to fraudulent activities with the aim of making massive wealth for themselves within a very short time.
Also, staff of financial institutions found to be involved in fraudulent deals must be made to face the rigid consequences of the law, so as to deter others from doing same.
LACK OF ADEQUATE CONTROL SYSTEMS
This issue, unpleasant as it is, cannot be swept under the carpet. The Bank of Ghana said the consistently high rate of staff involvement in fraud cases reported by Banks and SDIs may be due to lack of adequate control systems in the financial institutions (especially the Rural Banking sector), poor background investigations on prospective, newly appointed and temporary staff, poor remuneration in the Banking and SDI sectors, among others.
These factors accounting for the fraudulent behaviour of some staff of the financial institutions must be eliminated from our society by hook or crook. Things should not be taken for granted.
APPROPRIATE CORRECTIVE MEASURES
Rather, the appropriate corrective measures needed must be put in place to ensure that the banking and financial sectors are sanitised once and for all, so that business growth in the country can be guaranteed.
It is this guarantee that will smoothen out all the rough edges to make it possible for business operators to be encouraged to carry out their successful business activities without any fear.
By Dr. Kofi Amponsah-Bediako
Features
Who knows tomorrow?
Recently a friend posted a sad news on his Facebook page, announcing the death of a school mate who had passed away, suddenly. The report had it that he was on his way to the airport to take a flight to Ghana.
I am sure this man had already informed the wife or a friend or a work colleague at work that he was returning home but he was not to return as a human being but as a dead body.
Such is life and so we need to be circumspect in how we go about things in life. The Bible reminds us that we are like grass which at one point in time looks elegant and the next moment becomes withered according to Psalm 90:5 and 6. It is for this reason that we need to guard our hearts with the word of God so that we shall be motivated to do the right thing, at all times.
This will enable us live on this planet, free from all sorts of troubles in our personal lives, even if we ignore the question of Heaven and Hell. Living a disciplined life delivers us from any kind of trouble as the Bible declares in Galatians 5:23 that against such there is no law.
The uncertainty surrounding our lives on earth is the more reason why people should commit their lives into the hands of the one who created it, in the first place unless you believe that the world created itself and that it appeared from nowhere.
Otherwise, the logical thing to do is to recognize the authority of the creator and surrender to his Lordship. Heaven is real and Hell is real, so for us who know the truth and have received Jesus as our Lord and Saviour, the onus lies on us to encourage our relations who have not believed and received Jesus into their lives, to do so.
We are a couple of days from another Easter Resurrection celebration and an opportunity to reflect on our lives in relation to the significance of Easter. In the Bible, the only occasion Jesus, Saviour of the world commands us to celebrate is his death and resurrection.
He never commanded his followers to celebrate his birth but like everything else, we chose to ignore Jesus’s instructions and decided to do what pleases us, just like our forefather and mother in the Garden of Eden.
Let us deliberately choose to do things differently as Christians this Easter, so we can really benefit from all the blessings that the celebration of the death and birth of Jesus, has on offer. Doing the same thing over and over and expecting a different result is definitely insanity.
I choose to be different this Easter and I am believing God for a newness of life so God’s glory would be revealed in me to draw the unsaved to him. It is only when people especially the unsaved, see the character of Christ in us, that they can be convinced about the authenticity of Jesus, as Saviour of the world, who can bring transformation in their lives too.
This is what would motivate them to surrender their lives to Jesus Christ. Let us make this Easter a memorable one that will be cherished for a long time. It is also a period for reconciliation and it would be great if in the spirit of Easter, we would try to reach out to those who have wronged us or have a grudge against us.
This would demonstrate that we have indeed accepted Jesus and that our religious posture is not a sham. May the good Lord grant us the grace to love our neighbours as ourselves, demonstrating the love of God in the process.
Those who have lost their loved ones and Easter brings sad memories, may the good Lord comfort and strengthen you. God bless.
.NB: ‘CHANGE KOTOKA INTERNATIONAL AIRPORT TO KOFI BAAKO INTERNATIONAL AIRPORT’
Features
Cosmetic deformities
COSMETIC deformities refer to physical imperfections or abnormalities that affect an individual’s appearance, often causing emotional distress and impacting their quality of life.
These deformities can be congenital, acquired, or result from various medical conditions or treatments. This article provides an in-depth exploration of cosmetic deformities, their types, causes, effects, and treatment options.
Types of cosmetic deformities
Cosmetic deformities can affect various parts of the body, including the face, skin, hair, nails, and teeth. Some common types of cosmetic deformities include:
1. Facial deformities: Congenital or acquired abnormalities affecting the shape, structure, or appearance of the face, such as cleft lip and palate, facial paralysis, or facial asymmetry.
2. Skin deformities: Conditions affecting the skin’s texture, tone, or appearance, such as acne, scars, birthmarks, or skin discoloration.
3. Hair deformities: Abnormalities affecting the hair’s growth, texture, or appearance, such as alopecia, hirsutism, or hair loss due to medical conditions or treatments.
4. Nail deformities: Conditions affecting the shape, size, or appearance of the nails, such as nail fungus, nail psoriasis, or nail trauma.
5. Dental deformities: Abnormalities affecting the shape, size, or appearance of the teeth, such as tooth decay, tooth loss, or malocclusion.
Causes of cosmetic deformities
Cosmetic deformities can result from various factors, including:
1. Genetics: Congenital conditions or inherited traits can cause cosmetic deformities.
2. Trauma: Injuries or accidents can result in cosmetic deformities, such as scars or facial trauma.
3. Medical conditions: Certain medical conditions, such as acne, psoriasis, or eczema, can cause cosmetic deformities.
4. Treatments and procedures: Medical treatments, such as chemotherapy, radiation therapy, or surgery, can result in cosmetic deformities.
5. Aging and environmental factors: Aging, sun exposure, and environmental factors can contribute to cosmetic deformities, such as wrinkles, fine lines, or age spots.
Effects of cosmetic deformities
Cosmetic deformities can have significant emotional and psychological effects on individuals, including:
1. Low self-esteem: Cosmetic deformities can lead to feelings of insecurity, self-consciousness, and low self-esteem.
2. Social anxiety: Individuals with cosmetic deformities may experience social anxiety, avoiding social interactions or feeling embarrassed in public.
3. Emotional distress: Cosmetic deformities can cause emotional distress, including depression, anxiety, or stress.
4. Impact on quality of life: Cosmetic deformities can affect an individual’s quality of life, impacting their relationships, career, or overall well-being.
Treatment options for cosmetic deformities
Various treatment options are available to address cosmetic deformities, including:
1. Surgical procedures: Surgical procedures, such as reconstructive surgery, cosmetic surgery, or dermatological surgery, can correct or improve cosmetic deformities.
2. Non-surgical treatments: Non-surgical treatments, such as laser therapy, chemical peels, or microdermabrasion, can address cosmetic concerns, such as skin texture, tone, or appearance.
3. Medical treatments: Medical treatments, such as topical creams, oral medications, or injectable treatments, can address cosmetic concerns, such as acne, hair loss, or nail deformities.
4. Prosthetic and orthotic devices: Prosthetic and orthotic devices, such as wigs, hairpieces, or dental prosthetics, can help individuals with cosmetic deformities.
5. Counselling and therapy: Counselling and therapy, such as cognitive-behavioral therapy or psychotherapy, can help individuals cope with the emotional and psychological effects of cosmetic deformities.
Conclusion
Cosmetic deformities can have significant emotional and psychological effects on individuals, impacting their quality of life and overall well-being.
Understanding the types, causes, and effects of cosmetic deformities is crucial in addressing these concerns.
Various treatment options are available, ranging from surgical procedures to non-surgical treatments, medical treatments, prosthetic and orthotic devices, and counselling and therapy.
By seeking professional help and support, individuals with cosmetic deformities can improve their appearance, boost their self-esteem, and enhance their overall quality of life.
Reference
1. “Cosmetic Deformities” by the American Society of Plastic Surgeons