Posted on: www.dailyguideghana.com
By
William Yaw Owusu
Accra, Wednesday September 19, 2012.
The Access Bank Ghana Limited is said to
be suffering a Bank of Ghana (BoG) sanction over the illegal money transfer
activities of their staff.
Ironically, Access Bank management is
reported to have alerted the Apex Bank about the illegal transactions.
Access Bank has, in its banking halls, a
notice warning staff to desist from such transactions.
Access Bank expressed its unhappiness
following the BoG’s decision to impose six-month sanction on them for what the Central Bank called “a number of
irregularities in the conduct of foreign exchange transfers by Access Bank
Ghana Limited.”
Some of the bank’s customers
and workers are of the view that if the Central Bank’s supervision department
had been active it would have realised that management of Access Bank reported
the matter but are now paying the penalty for helping the Central Bank to do
its work.
According to sources, the new
leadership of Access Bank, upon assumption of office, reportedly detected the
irregularity and informed BoG for advice only to be slapped with the sanction.
The action, according to the bank’s
source, amounted to a breach of trust on the part of BoG since officials of
Access Bank acted in good faith.
They said Central Bank, they
said, should have advised them on previous transactions and allow time to
correct the mistakes.
The staff are said to have
been affected by the decision of the Central Bank but are optimistic that
things would get better.
They appealed to the BoG to
enforce its supervisory role otherwise the confidence in banking business in
the country was going to erode.
The staff welcomed an
investigation into the issue, especially when the bank had taken steps to
punish some of the workers who allegedly took part in the illegal transfers.
They said they do not want to
believe that the Central Bank’s action is aimed at collapsing Access Bank, an
action, they said, could worsen the unemployment situation.
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