An Overview of BoG Fraud Report: Key Trends and Insights from 2019 to 2024

A comprehensive analysis of fraud trends in Ghana’s banking sector, SDIs, and PSPs based on the Bank of Ghana’s 2024 Fraud Report. The report highlights a 5% rise in total fraud cases in 2024, escalating value at risk (GH¢99 million), increased staff involvement (up 33%), and the growing vulnerability of digital channels, while outlining regulatory directives and industry-wide recommendations.