Fraud could erode Ghana’s financial inclusion gains if trust is lost – Digital Finance Practitioner warns

He explained that while early incidents were largely associated with mobile money services, fraudsters have expanded their operations to target banks, investment companies, and insurance firms, making the issue one that affects the entire financial ecosystem.

People would need to trust the system; trust is key, and I think that if we don't deal with the issue of fraud very well, it will erode the trust that we have in the platforms that are enabling financial inclusion."If you ask me to select or maybe make a choice of one big risk or one thing that would stand in our way with the progress that we are making with financial inclusion, because we are now leveraging more on digital, it is the issue of trust.