Ghana loses GH¢209.7m to cybercrime in nine months
By Owusu Emmanuella Akoto Ghana lost GH¢209.7 million to reported cybercrime between January and September 2026, almost 10 times the GH¢22.5 million recorded for the whole of 2025. The figures were discussed on GTV’s Breakfast Show on Thursday during the Tech Conversation segment, where cybersecurity expert David Gyedu spoke about the growing threat of cybercrime. […]
Ghana experienced a staggering loss of GH¢209.7 million to cybercrime between January and September 2026, a figure nearly tenfold higher than the GH¢22.5 million recorded throughout all of 2025. Cybersecurity expert David Gyedu appeared on GTV’s Breakfast Show to discuss the growing menace of cybercrime. The Cyber Security Authority (CSA) recorded 4,938 incidents in the first nine months of 2026, surpassing the 4,604 incidents reported in 2025.
Online fraud constituted nearly 37% of reported incidents between January and July, while AI-generated deepfake scams, brand impersonation, organized scam centers, automated fraud schemes, and violations of child online safety emerged as significant new threats.
Gyedu highlighted that organizations were also targeted by severe cyberattacks, referencing the reported Binance cryptocurrency exchange hack where over US$6 billion was allegedly stolen, with approximately US$3 billion still unaccounted for. INTERPOL reported that several financial institutions in Ghana fell victim to ransomware attacks in the previous year, with one instance encrypting over 100 terabytes of data.
Gyedu emphasized that Ghana is a tech-savvy nation but suffers from inadequate public awareness and unsafe online practices. He urged sustained public education and reinforced cybersecurity measures within organizations, especially as the Christmas season approaches.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
