BoG flags GH¢40.7m cash suppression risk after single GH¢36 million fraud case
Despite the spike in value at risk from cash suppression, the central bank said the banking sector made notable progress in reducing fraud generally.
Besides cash suppression, the report identified E-money fraud, fraudulent withdrawals, ATM/POS fraud and burglary as the other major fraud types by value at risk in the banking sector during 2025.
The disclosure is contained in the Bank of Ghana's 2025 Fraud Report, which notes that while banks recorded fewer fraud cases overall during the year, cash suppression posed the greatest financial threat to the sector.
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