A total count of 2,670 cases of banking fraud were recorded in 2020, as compared to 2,311 reported cases in 2019. In all, there were 2,670 cases of fraud reported in 2020, up from the 2,311 cases reported in 2019. This is contained in the 2020 banking industry fraud report released by the Bank of Ghana. The banking sector fraud is mainly done through the ATM/POS, impersonation and remittance, which had recorded significant increase in 2020. But poor personal safety perception and inadequate customer sensitisation by banking institutions caused an upsurge in fraud perpetrated through ATM/POS.

Source: GhanaWeb September 27, 2021 12:45 UTC