Ghana cannot afford to move away from digital payments, according to Professor Godfred Bokpin. He is an economics and finance professor at the University of Ghana Business School.
Professor Bokpin noted that while digital fraud is becoming more common, the benefits of digital payments are too important to ignore.
He stated that the country has made significant progress with digital transactions.
Stopping these advancements would hinder economic growth and development.
The professor did not specify actions to combat the rising fraud.
However, his comments highlight a need for better security measures.
These measures would help protect users and maintain trust in the digital payment systems.
Ghana has been encouraging the use of mobile money and other digital platforms.
This move aims to reduce the use of cash and improve financial inclusion across the nation.