Financial fraud cases in Ghana rise 63% in four years as exposure hits GH¢101 million – BoG
Financial fraud in Ghana's regulated financial sector has increased by more than 63% over the past four years, with the value of funds exposed to fraudulent activities rising to GH¢101 million, according to the Bank of Ghana (BoG).
Over the same period, the total value at risk rose from GH¢82 million to GH¢101 million, highlighting the growing threat fraud poses to Ghana's financial system.
The report noted that while fraud cases have continued to rise across the financial sector, banks and specialised deposit-taking institutions have recorded significant improvements in controlling fraud.
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