Rural Banks build capacity in fraud prevention

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Business News of Friday, 19 April 2019

Source: dailyguidenetwork.com

2019-04-19

Dr Ernest Addison NewGovernor of the Bank of Ghana, Dr Ernest Addison

The Association of Rural Banks (ARB) has organized a four-day capacity building workshop on risk management and fraud prevention for staff of selected rural and community banks (RCBs) drawn from across the country in Kasoa in the Central Region.

About 40 participants in managerial functions in various fields of operation including audit, human resources and IT were empowered on sound risk management practices and how to handle the threat of fraud in their respective institutions.

The training programme was held in collaboration Microfin Consult and RIMCS Consult—a consortium of microfinance and risk management experts—and with funding from the German development agency, GIZ.

National President of the ARB, Daniel OheneKwekuOwusu, in his opening remarks, indicated that the training programme was timely and appropriate considering recent happenings within the country’s financial landscape and underscored the need for RCBs to build capacity in the areas of fraud prevention and guarding against the risks of cyber security.

He said the increasing…

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