{
  "id": 12655292,
  "title": "BoG cautions public against digital financial fraud, ‘double-your-money’ schemes",
  "url": "https://urgent.news/2026/10/07/bog-cautions-public-against-digital-financial-fraud-double-your-money-12655292",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T15:08:50.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/bog-cautions-public-against-digital-financial-fraud-double-your-money-schemes/"
  },
  "original_language": "en",
  "account": "The Bank of Ghana (BoG) has warned the public against digital financial fraud and \"double-your-money\" schemes. In a statement on October 7, the central bank emphasized the need for consumers to be vigilant and adopt stronger security measures while using digital platforms for banking and financial transactions.\n\nThe BoG cautioned users to safeguard sensitive information, such as Mobile Money and ATM PINs, internet banking passwords, and One-Time Passwords (OTPs). Legitimate financial institutions would never ask customers to share such information through phone calls, text messages, emails, or social media. Customers should verify the identity of anyone claiming to represent a bank or a financial institution before sharing any confidential details.\n\nThe central bank also cautioned consumers against responding to unsolicited messages and links requesting personal or financial information. Investment schemes promising unusually high returns with little or no risk should be treated with extreme caution, as they could result in significant financial losses. This includes \"double-your-money\" schemes and online Ponzi schemes.\n\nTo protect their accounts, the BoG advised consumers to regularly monitor transaction alerts, bank statements, and mobile money notifications. They should use strong passwords, change them regularly, and activate security features like transaction alerts, biometric verification, and two-factor authentication when available. If consumers suspect fraud, unauthorized transactions, a SIM swap, or account compromise, they should report it immediately to their financial institution, mobile network operator, or the relevant service provider.",
  "summary": "The Bank of Ghana (BoG) has cautioned users of digital financial services to remain vigilant against fraudsters and avoid sharing confidential financial information with unauthorised persons.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "BoG cautions public against digital financial fraud, ‘double-your-money’ schemes",
        "url": "https://urgent.news/2026/10/07/bog-cautions-public-against-digital-financial-fraud-double-your-money",
        "published": "2026-10-07T15:08:50.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}