Ghana - Internet banking fraud cases rise 44.6%

14 September 2018

Money Transfer

The number of internet fraud cases reported by commercial banks operating in Ghana to the Central Bank in 2017 increased to 1,418 from 1,001 in 2016.

Grace Akrofi, advisor at the Bank of Ghana (BoG), who stated this at a financial crime sensitization forum Thursday at Ada, said the total value reported for fraud or attempted fraud amounted to approximately GH¢190.38 million.

Of these, 16 percent, representing GH¢30.08 million, was recorded as losses while 84 percent, representing GH¢160.30 million, was recovered.

Source: GhanaWeb