Banks, fintechs trade claims over regulatory burden as fraud risks grow

The Bank of Ghana’s 2024 fraud report shows that banks, specialised deposit-taking institutions and payment service providers recorded 16,733 fraud cases, up from 15,865 in 2023.

The Head of Fintech and Innovation at the Bank of Ghana, Elhanan Owureku Asare, will be joined by other industry players at the maiden Digital Economy Forum to examine why fraud is undermining trust in Ghana’s digital economy.

The maiden Digital Economy Forum will bring together regulators, banks, fintech companies, telecommunications firms, security agencies and consumers to examine whether Ghana’s regulatory system is keeping pace with the growth of digital finance.