Bank of Ghana Sounds the Alarm on Cyber Threats Amid Digital Finance Boom
The Bank of Ghana (BoG) is raising concerns about the escalating cyber threats and online fraud targeting the nation’s rapidly expanding digital financial sector. As digital financial transactions increase in popularity, so too does the risk of cyberattacks, presenting significant challenges for both financial institutions and consumers.
Cybersecurity Concerns Mirror Digital Growth
Speaking at the National Payment Systems Workshop 2025 on October 29th, 2025, Dr. Zakari Mumuni, the First Deputy Governor of the BoG, highlighted the parallel growth of cybersecurity threats alongside the adoption of digital financial services. He emphasized that these threats, while substantial, should not derail Ghana’s advancements in modernizing its financial system.
The BoG’s warning underscores the critical need for robust cybersecurity measures within Ghana’s financial sector. Continuous vigilance and proactive strategies are essential to safeguarding digital financial infrastructure and maintaining public trust in the expanding digital economy.
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