Ghana's mobile money use surges as fraud cases rise 48%

The Bank of Ghana reported that reported fraud cases in the financial sector jumped 48% in 2025, reaching 24,778 incidents and a total value at risk of GH¢101 million. Mobile money and other digital payment platforms accounted for over 97% of the fraud, with cash suppression, e‑money fraud and fraudulent withdrawals among the five most costly scams.

In June 2026, mobile‑money activity hit a record 954 million transactions worth GH¢492.9 billion. Registered accounts grew to 84.6 million, with a wallet float of GH¢40 billion and one million agents operating nationwide. The data show rapid growth in digital payments alongside rising fraud risks, prompting calls for stronger consumer awareness and faster reporting mechanisms.