Bank of Ghana Mandates Fraud Reporting Amid Rising Digital Risks

Report all fraud cases to us - Bank of Ghana tells all banks

By Ashiadey Dotse The Bank of Ghana (BoG) has directed all banks and financial institutions in the country to report every case of fraud directly to the central bank. This includes both attempted and successful fraud. Institutions are also required to submit a monthly report even if no fraud occurred. According to the BoG, the rise in digital banking has made the financial system more vulnerable to fraud. Criminals are constantly finding new way…

Bank of Ghana Mandates Fraud Reporting Amid Rising Digital Risks

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/bank-of-ghana-mandates-fraud-reporting-amid-rising-digital-risks/The Bank of Ghana has issued a directive requiring all banks and financial institutions to report fraud cases immediately as part of intensified efforts to combat financial crime. This move comes as digital banking expansion creates new vulnerabilities, with fraudsters employing increasingly…