Payment service providers accounted for almost all reported fraud cases in Ghana’s financial sector in 2025, reflecting the growing role of digital payment platforms in the country’s economy.
The Bank of Ghana’s 2025 Fraud Report showed that payment service providers (PSPs) recorded 24,124 fraud cases during the year, representing about 97% of the 24,778 cases reported across banks, specialised deposit-taking institutions (SDIs) and PSPs.
The number of fraud cases reported by PSPs increased by 54% from 15,673 in 2024, making the sector the main driver of the overall rise in financial fraud.
By comparison, banks reported 472 fraud cases in 2025, down 34% from 716 a year earlier, while SDIs recorded 182 cases, a 47% decline from 344 cases in 2024.
The central bank said the shift in fraud patterns reflects the rapid expansion of digital financial services and growing transaction volumes on electronic payment platforms. It also pointed to relatively lower levels of digital literacy among some users as a contributing factor.
While PSPs recorded the highest number of fraud cases, banks remained the most exposed in terms of value at risk. Banks reported GH¢57 million in fraud exposure during the year, compared with GH¢37 million for PSPs and GH¢8 million for SDIs.
Overall, the value at risk across the three sectors increased slightly to GH¢101 million in 2025 from GH¢99 million in 2024, even as reported fraud cases rose by 48%.
The Bank of Ghana said tackling fraud will require stronger oversight, improved security measures and continued public education as digital payments become more widely used across the country.
