GCB contract staff charged for allegedly stealing bank's money, investing in trading platform
Owusu, who was a contract staff at the bank’s Abossey Okai branch, has been charged with stealing and has pleaded not guilty.
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A 29-year-old electronic collector, Samuel Owusu, has been arraigned before an Accra Circuit Court for allegedly stealing GH¢490,400 belonging to GCB Bank Plc.
Owusu, who was a contract staff at the bank’s Abossey Okai branch, has been charged with stealing and has pleaded not guilty.
Prosecutor Inspector Priscilla Avorgah told the court that a preliminary audit conducted on October 29, 2025, uncovered the missing amount, traced to customer accounts handled by Owusu.
Owusu’s role was to collect cash deposits from customers and credit them into their accounts using a phone assigned to him by the bank.
The audit revealed that between February and October 2025, he diverted parts of the funds instead of depositing them, resulting in the cumulative loss.
When confronted by his supervisors and the bank’s Manager of Security and Fraud Investigation, Owusu admitted to taking the money.
He told investigators he had invested the funds in an online trading platform called qadatralife.com, hoping to make profits to repay the amounts.
In his caution statement, Owusu explained that he did not steal the full amount at once but withheld deposits gradually over several months.
Owusu has been remanded to assist investigations, and prosecutors say they are tracking the online investment trail to determine whether any funds can be recovered.
The case has been adjourned, with the court emphasising that digital fraud involving financial institutions will be treated as a serious economic offence.
