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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
The total number of fraud cases recorded across Ghana’s financial sector rose sharply in 2025, with incidents nearing 25,000 and exposing the industry to more than GH¢100 million in potential losses.
The latest 2025 Fraud Report by the Bank of Ghana shows that reported fraud cases across banks, Specialised Deposit-Taking Institutions (SDIs) and Payment Service Providers (PSPs) increased by 48% to 24,778 cases in 2025 from 16,733 cases in 2024.
The total value at risk also climbed from GH¢99 million to GH¢101 million over the same period.
According to the central bank, the sharp increase was driven almost entirely by fraud in the Payment Service Provider (PSP) sector, reflecting the rapid expansion of digital financial services and the growing sophistication of electronic fraud.
Source: newsthemegh.com