Ghana recorded an estimated $1.3 million in losses from mobile money fraud during the first quarter of 2025, according to the latest INTERPOL African Cyberthreat Assessment Report.
The report identified Ghana as one of several African countries experiencing a rise in cyber-enabled financial crimes, with fraudsters increasingly targeting mobile money users through deceptive schemes designed to steal funds.
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INTERPOL said mobile money fraud remains the most widespread form of cybercrime across the continent, with 97 per cent of surveyed African countries identifying it as a major threat.
According to the report, criminals commonly use phishing attacks, SIM-swap fraud, fake promotional offers and social engineering techniques to gain access to victims’ mobile money accounts.
The assessment noted that the rapid expansion of digital financial services has created new opportunities for cybercriminals to exploit weaknesses in mobile payment systems.
Fraudsters are increasingly intercepting one-time passwords, hijacking user accounts and carrying out unauthorised financial transactions.
INTERPOL also warned that advances in artificial intelligence are making online scams more convincing, with criminals using AI-generated messages, voice cloning and other technologies to deceive victims.
The organisation called for stronger cooperation between law enforcement agencies, financial institutions and telecommunications companies to combat the growing threat of cyber fraud.
It further urged governments and industry stakeholders to strengthen cybersecurity measures and intensify public awareness campaigns to help protect users of digital financial services.
