Cash Suppression Emerges as Biggest Fraud Threat in Ghana For 2025

The Bank of Ghana (BoG) says fraud risks in the country’s financial sector grew more complex in 2025, with cash suppression recording the highest value at risk at GH¢40.7 million.

According to the BoG 2025 Fraud Report, the figure for cash suppression represents an 18-fold increase from the GH¢2.3 million recorded in 2024.

The central bank attributed the sharp rise largely to an outlier case involving GH¢36 million.

E-money fraud also went up. The value at risk climbed 32% from GH¢3.5 million in 2024 to GH¢4.6 million in 2025.

Fraudulent withdrawals saw an even steeper jump, rising by 118% to GH¢3.97 million compared to GH¢1.82 million the previous year. Burglary rounded out the top five with a value at risk of GH¢1.74 million.

The only category to record a decline was ATM/POS fraud, which fell by 41% from GH¢4.14 million in 2024 to GH¢2.43 million in 2025.

In the report, BoG said the deepening of digitalisation and innovation has made the financial landscape more complex, and that fraud risks continue to evolve.

The bank stressed that addressing the problem will require a unified and sustained effort from financial institutions, law enforcement agencies, regulatory bodies and the public.

“Constant vigilance and strengthened controls are necessary,” the report noted.

BoG said it remains committed to its oversight role and will continue to ensure a resilient and safe financial sector through enhanced regulatory frameworks, improved supervision and fraud prevention initiatives.

“Sustaining these collective interventions will be essential to reducing fraud incidents and promoting financial sector confidence,” the bank added.

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