Financial literacy must become part of Ghana’s anti-fraud strategy – Economist
The Ghana Association of Banks’ overview of the Bank of Ghana report shows that payment service providers recorded 15,673 fraud cases in 2024, representing 94 per cent of total reported cases.
The Bank of Ghana’s 2024 fraud report directed payment service providers to strengthen authentication, introduce customer-behaviour monitoring technologies, educate customers and improve the monitoring and training of mobile money agents.
His comments come as Ghana records a rise in fraud cases across banks, specialised deposit-taking institutions and payment service providers.
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