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Bank fraud drops 26% in 2024 due to stronger controls

modernghana.com/news/1...

submitted 11 months ago by afia3

Bank fraud drops 26% in 2024 due to stronger controls

submitted 11 months ago by afia3

Bank fraud drops 26% in 2024 due to stronger controls
  • A new report from the Bank of Ghana shows a 26% decrease in overall fraud cases in the banking sector in 2024 compared to the previous year, thanks to improved internal control measures.
  • However, fraud related to ATM, POS, and card transactions increased by 80%, while remittance fraud doubled, indicating a need for enhanced security measures and customer education on digital financial products to prevent such scams.
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