Mobile money fraud costs Ghana $1.3 million

Ghana experienced substantial financial losses due to mobile money fraud. The total amount lost in the first quarter of 2025 reached an estimated $1.3 million.

This figure comes from the latest INTERPOL African Cyberthreat Assessment Report. The report details a rise in cyber-enabled financial crimes across the continent.

Ghana was identified as one of the countries experiencing this increase. Cybercriminals are targeting the nation's growing digital payment systems.

The expanding use of mobile money services has created new opportunities for fraudsters.

These crimes impact individuals and the broader economy. Authorities are working to combat these threats.

The report did not specify the exact methods used by the fraudsters.

Further details on the INTERPOL findings are expected.

Efforts to enhance cybersecurity and protect users are ongoing.