Business Community To Receive Training On Cash Handling And Security

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Professionals in the Ghanaian business community, will be engaged in a two-day workshop involving various dimensions within the cash handling ecosystem.

The upcoming Cash Handling Workshop is organized by e-Crime Bureau with the involvement of stakeholders across various industries to promote good cash handling and management practices in Ghana.

This initiative is in response to existing and emerging cash handling challenges including robbery attacks, ATM attacks, cash shortages, money transfer scams, and other issues facing the financial sector.

Evidence from investigations conducted by law enforcement agencies, statutory bodies and e-Crime Bureau indicate poor cash handling and management within the financial services sector have led to fraud, cash shortages, theft, misappropriation and embezzlement of corporate funds among other insider related malpractices.

Poor cash management has been problematic for institutions and these are also causing accounting nightmare to organizations.

The workshop seeks to address cash handling related issues associated with new payment systems such as Point of Sale (POS), mobile money and internet banking which are reported to have created considerable losses to individuals and organizations including notable financial institutions.

Ultimately, the workshop will create the platform for stakeholders within the cash handling ecosystem to be trained on new and innovative ways as well as best practices to enhance cash handling and management within the financial services sector in particular and allied sectors in general.

This year’s edition comes after the maiden edition held in 2014 which attracted delegates from the financial services industry including banks, savings and loans, small & medium scale enterprises, the police, private security organizations, Cash-in-Transit operators and cash handling technology providers among others.

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