Digital fraud is rising, but Ghana cannot turn back from digital payments – Prof. Bokpin

Digital fraud may be rising, but Economist and Professor of Finance at the University of Ghana Business School, Godfred Bokpin, says Ghana cannot afford to retreat from digital payments.

The finance professor indicated that, “If you look at the trend, from reports by the Bank of Ghana and also from the UN, you realise that with increasing digitisation and digital payments, you see a switch from physical crime, in terms of physical theft and cash, moving more online.

Regardless of the fraud, the uptake, the trend, the convenience, the inclusion and the fact that the digital economy is expanding and creating digital jobs and digital apps are all quite good.