December 14, 2009

Mr. Reuben Adamtey, Bolgatanga Branch Manager of the ARB Apex Bank has advised rural and community banks to check fraud in the banking industry."One serious issue that I want to draw your attention to is fraud, which has reared its ugly head in the banking industry especially in the rural and community banks", Mr. Adamtey said at the Ninth Annual General Meeting of the Bangmarigu Community Bank at Walewale in the West Mamprusi District.

He said it was necessary for managers of rural and community banks to conduct thorough background checks on persons who want to open accounts with their banks to ensure that they were not fraudsters.He said the situation also called for caution on the part of all stakeholders to help curtail the activities of the fraudsters to bring sanity into the banking industry to enable customers to transact their business in a friendly atmosphere.