The fraudsters don’t use hacking, they play on our minds – BoG’s Cab-Beyuo on Mobile Money Fraud

Fraud cases in Ghana's financial sector rose sharply in 2025, but the problem is concentrated in one area: mobile money, according to the Bank of Ghana's Fraud Investigations and Reporting Unit. Speaking on Joy FM's Super Morning Show, Eric Cab-Beyuo, Head of the Fraud Investigations and Reporting Unit at the Bank of Ghana, said commercial banks and Specialised Deposit-Taking Institutions (SDIs) have made clear progress in reducing fraud, but Payment Service Providers (PSPs) remain the secto...

By Caleb Ahinakwah