BoG calls for industry-wide system to fight fraud across banks, fintechs and mobile money platforms

The Head of Fintech and Innovation at the Bank of Ghana, Elhanan Owureku Asare, is calling for a coordinated industry-wide system to combat fraud across banks, mobile money operators, fintech companies and non-bank financial institutions.

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.

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