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Mon, Sep

Officer of Christian Community Microfinance embezzles GH¢14,816

A relations officer of the Christian Community Microfinance Limited (CCML) is standing trial for allegedly embezzling GH¢14,816.00 belonging to customers of the company.

The accused, John Asamoah Kyeremanteng, 30, was said to have stolen the money after he failed to record the clients’ deposits in the company's books.

Kyeremanteng, was arraigned last Thursday.

The Kumasi Circuit Court, presided over by Mrs Afia Adu-Amankwaah, admitted him to bail in the sum of GH¢15,000 with one surety.


The Prosecutor, Chief Inspector Felix Akowuah, told the court that the accused was stationed at the Kwame Nkrumah University of Science and Technology (KNUST) branch of the company and was resident at Dichemso.

He said somewhere in July, this year, the risk supervisor of the branch detected that the accused had embezzled customers’ deposits amounting to GH¢5,176 and wrote to inform the head of the audit department in Accra.

Chief Inspector Akowuah said the head of audit questioned the accused about the issue and he admitted embezzling some money, but denied that it was up to that said amount.

Further audit

He said a report was made to the police which led to the arrest of Kyeremanteng and an in-depth reconciliation and audit of the daily contributions of customers that the accused dealt with was initiated.

This revealed a further discrepancy of GH¢10,549.00, thus bringing the total embezzlement to GH¢15,716.

According to the prosecutor, the accused admitted the offence and stated that it was an oversight and negligence on his part. But he had so for refunded GH¢900 to the company, leaving a balance of GH¢14,816.00.

The case was adjourned to October 5, 2015 for further hearing.