JABR Volume VI


Employee Fraud in the Banking Sector of Ghana


Ekow Nyarko Dadzie-Dennis, D.B.A., Livingstone Caesar, Ph.D., Kyeame Ghansah, M.Sc. and Jonathan Tetteh Korletey, M. A.


Employee fraud has been identified as a threat in the banking sector. This study, therefore, aims to identify the factors that drive employee fraud and determine their relationships. It also identifies the types of bank fraud committed by employees. The study employs a quantitative approach to investigate the phenomenon. Data was collected using questionnaires administered to 250 employees of 20 selected banks, across the ten regional capitals of Ghana. The data collected were analyzed using descriptive statistics and multivariate regression analysis. The findings of the study provide that bank fraud is prevalent in the Ghanaian banking sector and it is considered as an act that is committed by both managerial and non-managerial staff with factors such as capability, opportunity and internal controls being the main drivers. These, notwithstanding, the study implies that it is also important to note that there are other factors that have not been studied in this article that may also contribute to employee fraud.


Fraud, Employee Fraud, Banking, Bank of Ghana, Internal Control, Bank Fraud, Corporate Culture