Fraud cases across Ghana's financial institutions saw a significant increase of 48% in 2025. This surge was largely driven by issues within the Payment Service Providers sector.
The Bank of Ghana's 2025 Fraud Report, released by its Financial Stability Department, documented this trend. The report covers data from banks, specialised deposit-taking institutions, and payment service providers.
Overall, the total number of reported fraud cases grew substantially. These cases involved both internal and external fraud activities.
As a direct result of the fraud incidents, 75 bank employees were dismissed. These dismissals were a consequence of internal investigations into the fraudulent activities.
The report highlights the importance of robust oversight and security measures within the financial sector. It aims to inform policy and improve fraud prevention strategies.
Financial institutions are urged to strengthen their internal controls and vigilance to combat rising fraud trends.