• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Uphold Ethics In The Fight Against Fraud – First National Bank CEO

9 months ago
in Banking & Finance, Business, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
82
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Uphold Ethics In The Fight Against Fraud – First National Bank CEO

The Chief Executive of First National Bank Ghana, Warren Adams, has called for businesses to prioritize nurturing more robust internal ethics and principles in the fight against fraud.

Speaking at First National Bank’s annual Business Breakfast meeting organized as part of activities to mark Fraud Week Mr. Adams highlighted that fraud is a pervasive and insidious threat plaguing individuals, organizations, and societies worldwide.

According to the Bank of Ghana Banks, Specialized Deposit-Taking Institutions (SDIs) and Payment Service Providers (PSPs) 2023 Fraud Report, the count of fraud cases increased to 15,865 in 2023 from 15,164 in 2022, reflecting a 5% rise. These cases corresponded to a total loss value of approximately Gh¢88 million in 2023 compared to GH¢82 million in 2022, indicating an increase of about 7%. 

The report indicated that the fight against fraud in the financial sector is a shared responsibility of all well-meaning stakeholders, and continued vigilance is vital as fraudsters continuously deploy new ways of defrauding victims through the increased use of sophisticated technology.

“It is clear that conventional measures alone are insufficient,” Mr. Adams said. “A critical yet often overlooked component in the fight against fraud is the cultivation of stronger values and virtues”.

The event served as a prelude to the commemoration of International Fraud Awareness Week from November 17. 

RelatedPosts

The 10 Fastest-Growing Trading Nations in Africa

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

Mr. Adams suggested that this year’s theme, “ethics and fraud,” underscores the importance of ethics in safeguarding organizations’ integrity and consumers’ protection. 

“Ethics are the foundation upon which trust is built,” he said. “By prioritizing ethics, we foster a culture of transparency, accountability, and fairness, ultimately strengthening our financial systems that support your business.”

The keynote speaker at the breakfast meeting, Mr. John Awuah, Chief Executive Officer of Ghana Association of Banks (GAB), pointed out that apart from measures that institutional stakeholders are putting in place to curb the menace of fraud and minimize its impact on businesses, there is the need for interagency cooperation. 

“The closer industry partnerships are forged, the more the opportunities for knowledge sharing and resources can be leveraged to prevent fraud as we strive to build a more just and trustworthy society,” he said. 

Mr. Awuah also mentioned that beneath the surface the causes of fraud and unethical behaviour lie a more profound issue: a deficit of character. 

“When individuals prioritize personal gain over integrity, honesty, and fairness, the stage is set for fraudulent behavior,” he said, emphasizing that “stronger values and virtues serve as a powerful antidote to fraud.”

He indicated that strategies for building stronger values and virtues require that organizational leaders lead by example, modelling and promoting ethical behaviour. 

“Establishing and enforcing robust policies and procedures while conducting regular training on these virtues and values encourages transparency. When necessary, incentivizes ethical behaviour”, he concluded.  

 

Tags: Uphold Ethics In The Fight Against Fraud – First National Bank CEO

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

Senegal and Mercedes-Benz Partner to Build Trucks

INTERPOL Recovers Over $90 Million From African Crime Syndicates

Djokovic and Gauff Gear Up for US Open with Strategic Focus

Trending

Business

The 10 Fastest-Growing Trading Nations in Africa

August 23, 2025

The 10 Fastest-Growing Trading Nations in Africa Against the backdrop of shifting dynamics in global trade, several...

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

August 23, 2025

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

August 23, 2025

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

August 23, 2025

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

August 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.