Ghanaians lose $1.3m to Mobile Money fraud in first quarter of 2025 – INTERPOL report
Ghana recorded an estimated $1.3 million in losses from mobile money fraud during the first quarter of 2025, as cybercriminals continue to exploit the country’s growing digital payment ecosystem, according to the latest INTERPOL African Cyberthreat Assessment Report.
Ghanaian authorities have reported a staggering $1.3 million in losses due to mobile money fraud in the first quarter of 2025, according to a recent INTERPOL assessment. The cybercriminals are preying on the rapidly expanding digital payment landscape in Ghana, exploiting vulnerabilities in the country's mobile money ecosystem. INTERPOL's report highlights that Ghana is among several African nations grappling with a surge in cyber-enabled financial crimes, with mobile money fraud ranking as the most prevalent online scam across the continent.
The INTERPOL African Cyberthreat Assessment Report reveals that criminals are employing a range of tactics, including phishing, SIM-swap attacks, fake promotions, and social engineering, to gain unauthorized access to victims' accounts and siphon funds. The expansion of digital financial services has created new opportunities for fraudsters to exploit weaknesses in mobile payment systems.
INTERPOL also warns that the use of artificial intelligence is making cyber scams increasingly sophisticated, with criminals utilizing AI-generated messages, voice cloning, and other advanced tools to deceive victims. To combat this growing threat, INTERPOL emphasizes the need for enhanced collaboration among law enforcement agencies, financial institutions, and telecommunications companies to strengthen cybersecurity measures and educate the public about safe digital financial practices.
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