Modern Ghana·3 min read·medium
Fraud Explodes in Ghana’s Financial Sector as PSP‑Linked Cases Skyrocket - BoG Report Warns of Rising Digital Risks
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ModernGhana
✦AI Summary
The Bank of Ghana's 2025 report reveals a 48% surge in financial fraud, primarily driven by a massive increase in incidents within the Payment Service Provider (PSP) sector. While traditional banks saw a decrease in fraud exposure, PSPs experienced a 98% rise in cases, highlighting risks associated with rapid digital adoption.
Fraud cases in Ghana's financial sector surged sharply in 2025, driven almost entirely by a dramatic rise in incidents within the Payment Service Providers (PSP) sector, according to the Bank of Ghana's 2025 Fraud Report.
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