Investment Times

The Bank of Ghana (BOG) is encouraging banks to adhere to the submission of monthly fraud reports as it intensifies efforts to combat the rising tide of financial sector fraud associated with electronic money channels in the country. It is therefore engaging industry players to build capacity and implement robust regulatory frameworks to stay ahead of the emerging threats. Recent incidents of electronic fraud in the financial space have resulted in substantial losses for banks and payments to service providers.This has prompted the Bank of Ghana to take more proactive measures to enhance resilience. Speaking at the opening of a...