Bank of Ghana ha released the 2025 Fraud Report detailing reported fraud cases across the three regulated subsectors: Banks, Specialized Deposit-Taking Institutions (SDIs), and Payment Service Providers (PSPs), which has seen a monumental increment in 2025 as compared to 2024, driven almost entirely by developments in the PSP sector.
The report prepared ‘to educate and inform the general public about their financial security and
According to the report, the total count of fraud cases rose from 16,733 in 2024 to 24,778 in 2025. The total value at risk rose from GH¢ 99 million in 2024 to GH¢ 101 million on a year-on-year basis with “over a four-year period from 2022 to 2025, total fraud cases increased steadily from 15,164 to 24,778, while aggregate value at risk rose from GH¢82 million to GH¢101 million”.
Over the four-year period, while Banks and SDIs recorded notable reductions in both the number of fraud incidents and overall exposure, PSPs experienced increases in both the number of fraud cases (up 98%) and value at risk (up 42%).
Accordingly, “fraud activity has therefore progressively migrated towards the PSP sector, closely correlating with rapid growth in transaction volumes and relatively lower levels of digital literacy among users, notwithstanding the sector’s significant contribution to financial inclusion”.
Bank of Ghana ha released the 2025 Fraud Report detailing reported fraud cases across the three regulated subsectors: Banks, Specialized Deposit-Taking Institutions (SDIs), and Payment Service Providers (PSPs), which has seen a monumental increment in 2025 as compared to 2024, driven almost entirely by developments in the PSP sector.
The report prepared ‘to educate and inform the general public about their financial security and
According to the report, the total count of fraud cases rose from 16,733 in 2024 to 24,778 in 2025. The total value at risk rose from GH¢ 99 million in 2024 to GH¢ 101 million on a year-on-year basis with “over a four-year period from 2022 to 2025, total fraud cases increased steadily from 15,164 to 24,778, while aggregate value at risk rose from GH¢82 million to GH¢101 million”.
Over the four-year period, while Banks and SDIs recorded notable reductions in both the number of fraud incidents and overall exposure, PSPs experienced increases in both the number of fraud cases (up 98%) and value at risk (up 42%).
Accordingly, “fraud activity has therefore progressively migrated towards the PSP sector, closely correlating with rapid growth in transaction volumes and relatively lower levels of digital literacy among users, notwithstanding the sector’s significant contribution to financial inclusion”.
