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Ethical values and employee fraud in Ghanaian banking sector during COVID-19

Year: 2024

Type: article

Abstract: We examined the types and motives of employee fraud and ethical values in Ghana during COVID-19 by employing the fraud diamond and pentagon fraud theories for the analysis. We collected data from 108 employees across 23 banks using questionnaires and analysed them using descriptive statistics and structural equation model (SEM). The findings reveal financial report fraud as the main fraud type, with opportunity and rationalisation as primary motives. The study also finds that strong ethical values in employees reduce the likelihood of fraud, even when presented with opportunities and under pressure, emphasising a vital link between ethics and employee fraud. The authors found no relationship between employee fraud and pressure during COVID-19.

Source: African J of Accounting Auditing and Finance

DOI: 10.1504/ajaaf.2025.143559

Authors: Christine Avortri, Rebecca Attah, Emmanuel Appah

Institutions: Oral Roberts University, Edward Waters University

Language: English

Topic: Ethics in Business and Education

Subfield: Information Systems and Management

Field: Decision Sciences

Domain: Social Sciences

SDGs: Decent work and economic growth, Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W4405920296

FWCI:

Cites: 9

Cited by:

Related to: 10