The Ministry of Communication, Digital Technology and Innovations is urging banks, telcos, regulators, media, and citizens to work together to combat the growing threat of financial fraud in Ghana.
The Deputy Minister for Communication, Digital Technology and Innovations, Hon. Mohammed Adams Sukparu (MP), who representated Hon. Samuel Nartey George (MP), Sector Minister, delivered the message on Tuesday at the Graphic Business/Stanbic Bank Breakfast Meeting at Labadi Beach Hotel.
The event was held under the theme “Shine Your Eyes: Combating Financial Fraud in Ghana through Collaboration and Innovation.”
The Minister commended Graphic Communications Group for youth initiatives like the Tertiary Business Sense Challenge and Junior Graphic Parliament, and Stanbic Bank for advancing financial inclusion and customer protection.
He noted Ghana’s rapid digital transformation: “Today, a farmer in Bawku, a trader in Makola, a student in Cape Coast, and an entrepreneur in Kumasi can all participate in the digital economy using technologies that were unimaginable just a decade ago.”
But he warned that fraud is evolving fast. Tactics now include mobile money scams, phishing, SIM-swap fraud, identity theft, business email compromise, and fake investment platforms. “Behind every statistic is a real victim… The consequences extend beyond financial loss. They undermine public confidence, threaten digital trust, and can slow the pace of innovation.”
Under President John Dramani Mahama’s Digital Transformation Agenda, the Ministry is revising enabling laws to reflect current and future risks, and the recently launched the National AI Strategy.
According to him, government is also working with financial institutions, telcos, regulators, law enforcement, and cybersecurity experts to improve detection, information sharing, and incident response.
“Let me be clear. The government alone cannot win this battle. It requires banks to invest in security, telcos to strengthen networks, regulators to stay proactive, media to sustain awareness, and importantly, every citizen to become more vigilant, informed, and cyber-aware,” the Minister emphasized.
He urged Ghanaians to “pause before clicking suspicious links, verify information before sharing personal details, question offers that appear too good to be true, and report suspicious activities promptly.”
“Trust is the foundation of every successful digital economy. Together, through collaboration, innovation, education, and vigilance, we can ensure that Ghana remains a safe, resilient, and trusted digital economy,” Hon. Sukparu indicated.
