GCB Bank Contract Staff Diverts GHS 490,000 of Customer Funds To Online Trading Platform
A contract staff member of GCB Bank, identified as Samuel Owusu, is in hot water after stealing GHs 490,000 belonging to customers and investing it in an online trading platform in hopes of making quick profits.
Owusu, who worked at the bank’s Abossey Okai branch, was responsible for collecting and depositing customer funds into their respective accounts.
However, discrepancies in transactions led to an internal audit that uncovered the alleged theft.
According to reports, Owusu was confronted by the Manager of Security and Fraud at GCB Bank Plc, the branch manager, and his supervisor.
During the interrogation, he reportedly confessed to diverting the funds between February and October 2025.
He is said to have admitted that he did not steal the entire amount at once but gradually misappropriated funds by failing to deposit the cash he collected from customers into their accounts.
Owusu further disclosed that he invested the stolen money into an online trading platform known as Qadatralife, hoping to earn high returns and later repay the bank.
Unfortunately, the investment appears to have failed, leaving him unable to account for the missing funds.
The incident raises serious concerns about internal controls and staff supervision within the bank, particularly regarding how such a large sum could go unnoticed over several months.
Security and fraud investigators at GCB Bank have since initiated processes to recover the funds while the case is being handled by law enforcement authorities.
