Also known as: GAB
Ghana Association of Banks — banking sector industry body whose CEO, John Awuah, has warned of digital trust crisis risks and emphasizes user responsibility in cybersecurity.
Verbatim sentences from the source article.
Joy Online
… The Ghana Association of Banks’ overview of the report shows payment service providers recorded 15,673 fraud cases in 2024, while the value at risk in the sector rose by 18 percent to about GH¢19 million. …
Fraud thrives where there is no ‘capable guardian’ – e-Crime Bureau founderJoy Online
… According to an overview of the Bank of Ghana report by the Ghana Association of Banks, payment service providers recorded 15,673 fraud cases in 2024, representing a seven per cent rise from 2023. …
Cybercrime now ranks among world’s biggest economic threats – e-Crime Bureau founderJoy Online
… e cautioned against sensational reporting, saying, “ultimately, we are here to protect the public, the consumers, and to encourage them to participate in the industry so that they are not taken for granted.” Mr John Awuah, Chief Executive Officer of the Ghana Association of Banks …
Collective action key to tackling financial sector fraud – BoGJoy Online
… The latest rate, published by the Ghana Association of Banks on July 1, 2026, could result in a slight increase in lending rates over the next month. …
Ghana Reference Rate rises to 10.59% in July, signalling possible increase in lending ratesJoy Online
… They include economist Professor Godfred Bokpin; Chief Executive Officer of the Ghana Association of Banks, John Awuah; Executive Chairman of e-Crime Bureau, Dr. …
Banks, fintechs trade claims over regulatory burden as fraud risks growJoy Online
… The findings were presented at PwC’s 2026 Ghana Banking Forum, attended by chief executive officers, chief financial officers, representatives of the Ghana Association of Banks (GAB), the Bank of Ghana (BoG), and other key stakeholders in the financial sector. …
Ghana’s banks face profitability test as falling interest rates force business model shift – PwCJoy Online
… They include economist Professor Godfred Bokpin; Chief Executive Officer of the Ghana Association of Banks, John Awuah; Executive Chairman of e-Crime Bureau, Dr. …
‘Trust is a currency’: BoG warns fraud could derail Ghana’s push towards a cash-lite economyJoy Online
… The Ghana Association of Banks’ overview of the Bank of Ghana report shows that payment service providers recorded 15,673 fraud cases in 2024, representing 94 per cent of total reported cases. …
Financial literacy must become part of Ghana’s anti-fraud strategy – EconomistJoy Online
… They include economist Professor Godfred Bokpin; Chief Executive Officer of the Ghana Association of Banks, John Awuah; Executive Chairman of e-Crime Bureau, Dr. …
BoG calls for industry-wide system to fight fraud across banks, fintechs and mobile money platformsJoy Online
… The Ghana Association of Banks’ overview of the BoG report states that payment service providers constituted 94 per cent of total fraud cases in 2024. …
Digital payments can formalise Ghana’s informal economy, but fraud threatens uptake – EconomistGhana has secured macroeconomic gains with GDP growth beating projections, eased price pressures, strengthened fiscal metrics, and expanding private credit alongside lower interest rates. The country's challenge has shifted from escaping instability to making stability productive.
17 August 2026 · Joy Online →
Ghana has secured macroeconomic gains with GDP growth beating projections, eased price pressures, strengthened fiscal metrics, and expanding private credit alongside lower interest rates. The country's challenge has shifted from escaping instability to making stability productive.
17 August 2026 · Joy Online →
The Bank of Ghana and the Chartered Institute of Bankers Ghana have committed to deeper collaboration to strengthen ethics, professionalism, and resilience in the banking sector. The commitment came during a courtesy visit where both institutions discussed customer protection, fraud prevention, digital assets, banking reforms, and the role of emerging technologies.
11 August 2026 · Joy Online →
An opinion piece analyses the Bank of Ghana's potential role in supporting government efforts to indigenise Ghana's mining sector, as locally-owned firms like Engineers and Planners Limited take over concessions such as the Damang Mine from foreign operators.
4 August 2026 · Joy Online →
Ghana's Reference Rate, the benchmark used by commercial banks to price loans, is set to rise marginally to 10.61% in August 2026, up from 10.59% in July, largely due to an increase in the 91-day Treasury bill rate. The increase is expected to translate into a modest rise in lending rates, particularly for borrowers with variable-rate loans.
4 August 2026 · Joy Online →
MobileMoney Fintech Limited has assured customers that funds in mobile money wallets are protected through regulated trust accounts maintained with partner banks and supervised by the Bank of Ghana. Electronic money is held by partner banks rather than directly by payment service providers or fintech companies.
31 July 2026 · The Chronicle →
Hubtel's Head of Internal Affairs Ebenezer Boffour has warned that payment service providers in Ghana operate in silos and fail to share information effectively, undermining the country's efforts to combat fraud despite all institutions being held to similar regulatory and security standards.
23 July 2026 · Joy Online →
John Awuah, CEO of the Ghana Association of Banks, warned that all Ghanaians remain vulnerable to fraud after revealing he was targeted by scammers minutes after a radio interview on cyber fraud. He cautioned that belief in one's immunity due to education or professional status leaves people exposed.
23 July 2026 · Joy Online →
Ghana is not yet facing a digital trust crisis, but risks getting there if rising fraud concerns are not addressed urgently, according to the CEO of the Ghana Association of Banks. Signs of declining confidence are already emerging as consumers begin to question digital transactions and payment processes they previously trusted.
22 July 2026 · Joy Online →
Ghana's maiden Digital Economy Forum airs tonight at 8 p.m. on JoyNews and Joy FM, bringing together policymakers, regulators, financial institutions, and academics to discuss digital fraud's impact on consumer confidence and business growth.
22 July 2026 · Joy Online →
The Ghana Association of Banks has expressed concern over an incident on July 10, 2026, during a national cleanup exercise, when the MP for Okaikwei North allegedly entered a member bank's branch, forced her way to the manager's office, and used demeaning language toward staff over the branch's decision to remain open. GAB stated it will not tolerate conduct seeking to demean, intimidate, or undermine the integrity of its member banks' staff, who were complying with applicable legal frameworks and government guidance.
13 July 2026 · Joy Online →
Ghana Association of Banks CEO John Awuah says technology alone cannot protect digital finance users who expose passwords, PINs, cards and account details to fraudsters; he emphasizes that while banks invest heavily in cybersecurity and comply with strict security standards, users themselves remain critical to the security chain.
13 July 2026 · Joy Online →
The founder of e-Crime Bureau says digital fraud in Ghana flourishes due to lack of user awareness and weak institutional systems to detect and prevent attacks. He argues that stronger "capable guardians" — including awareness, systems, and capacity for fraud detection and prevention — are needed as more people use mobile money, banking apps, and online platforms.
13 July 2026 · Joy Online →
e-Crime Bureau founder Dr Albert Antwi-Boasiako says cybercrime losses are so significant that if cybercrime were a country it would rank among the world's largest economies; West Africa and Ghana carry a significant share of these losses. The warning comes ahead of a Digital Economy Forum examining how fraud affects confidence in Ghana's digital economy.
10 July 2026 · Joy Online →
Ghana's financial sector stakeholders have identified deeper collaborations among regulators, financial institutions, service providers, the public and media as necessary to address growing fraud, particularly in the Payment Services Providers segment. The Bank of Ghana's 2025 Fraud Report shows fraud cases rose from 16,733 in 2024 to 24,778 in 2025, though banking sector fraud fell 34 per cent while PSP fraud rose.
10 July 2026 · Joy Online →
The Ghana Reference Rate increased marginally to 10.59% in July 2026 from 10.02% in June, driven mainly by higher 91-day Treasury bill rates and the Bank of Ghana's decision to raise the Cash Reserve Ratio to 20% from 15%; the rise could lead to an increase in lending rates over the next month, though borrowers with fixed-rate facilities are not expected to be affected.
9 July 2026 · Joy Online →
Banks and fintech companies disagree over who faces heavier regulation in Ghana's digital financial sector, with each claiming the other operates under lighter supervision. The Bank of Ghana's Head of Fintech and Innovation says the real concern is that fraud can spread across the entire financial system if any part is weakly regulated.
8 July 2026 · Joy Online →
PwC's 2026 Ghana Banking Survey warns that while lower interest rates are expected to support economic growth, they threaten banks' traditional earnings by compressing net interest margins, requiring banks to diversify revenue streams and embrace digital, transaction-driven business models to sustain profitability.
7 July 2026 · Joy Online →
The Bank of Ghana's Head of Fintech and Innovation warned that increasing fraud cases could erode public trust in digital financial services and reverse progress towards a cash-lite economy. He noted that 16,733 fraud cases were recorded across banks and payment service providers in 2024, up from 15,865 in 2023.
7 July 2026 · Joy Online →
An economist at the University of Ghana warns that arrests and prosecutions alone cannot solve the country's digital fraud problem; Ghana must pair enforcement with stronger financial literacy and cybersecurity education as digital payment use grows.
7 July 2026 · Joy Online →
The Bank of Ghana's Head of Fintech and Innovation is calling for a coordinated, industry-wide system to combat fraud across banks, mobile money operators, and fintech companies, arguing that separate systems are inadequate in an interconnected ecosystem. Ghana's digital financial sector recorded 16,733 fraud cases in 2024, up from 15,865 in 2023, with payment service providers accounting for the majority.
6 July 2026 · Joy Online →
A University of Ghana economist says digital finance platforms are helping unbanked citizens and informal-sector workers enter the formal economy by lowering barriers to financial access, but warns that fraud-related mistrust could push users back to cash and undermine financial inclusion gains.
6 July 2026 · Joy Online →
The Ghana Association of Banks held its first regional roadshow of the #ShineYourEye Anti-Fraud Campaign in Tamale, educating residents on fraud prevention including identity theft, phishing and ATM fraud as part of a five-month nationwide public education initiative.
3 July 2026 · Joy Online →
The Bank of Ghana has launched a national Sustainable Finance Roadmap to coordinate financial sector regulation and strengthen resilience to climate-related risks, following recent flooding in Accra. BoG Governor Dr. Johnson Pandit Asiama notes the framework marks a shift toward unified regulatory oversight across banking, insurance, pensions and capital markets, treating climate change as a financial stability concern alongside an environmental one.
2 July 2026 · Business & Financial Times →
Ghana has launched the Digital Economy Forum, a national platform bringing together policymakers, regulators, business leaders, academics, and others to examine technologies, policies and ideas shaping the country's digital future. Each edition will combine documentary investigation with televised dialogue to address pressing issues in digital commerce, financial services, cybersecurity, and other areas.
2 July 2026 · Joy Online →
The Bank of Ghana has launched a national Sustainable Finance Roadmap to coordinate financial sector regulation, strengthen resilience to climate-related risks, and attract global capital for climate and sustainable development projects. Governor Johnson Pandit Asiama stated that sustainable finance is central to financial stability and long-term investment, as climate change poses direct financial risks to asset values, lending and the broader financial system.
1 July 2026 · Business & Financial Times →
Bank of Ghana Governor Dr. Johnson Asiama said that developments in the Middle East and a peace deal will influence Ghana's inflation outlook, and the central bank is monitoring events ahead of the next Monetary Policy Committee meeting. The Governor noted that the last MPC decision to maintain the policy rate at 14 percent reflected balanced risks to inflation and growth at that time, with expectations that things might change.
16 June 2026 · Joy Online →
Visa is calling on banks, fintechs and merchants to accelerate deployment of contactless payment acceptance across Ghana, saying the country's next phase of digital payments growth depends on expanding where consumers can use the technology rather than building new infrastructure. The company argues that while Ghana has a strong digital payments foundation, wider availability of contactless payment acceptance points is critical to converting consumer readiness into everyday transaction behaviour.
8 June 2026 · Business & Financial Times →
Ghana's Reference Rate fell slightly to 10.02% in June 2026 from 10.03% in May, driven by a decrease in the 91-day Treasury bill rate. The decline is expected to trigger lending rate cuts by commercial banks, with borrowers on variable-rate loans likely to see reduced borrowing costs.
3 June 2026 · Joy Online →
The Ghana Association of Banks has launched a nationwide anti-fraud campaign involving banks, law enforcement, regulators and government institutions to protect customers and strengthen trust in the financial system. The campaign acknowledges that digital banking and fintech innovations, while expanding access, have created new opportunities for sophisticated fraudsters and pose a risk to public confidence in financial institutions.
25 May 2026 · Joy Online →
The Ghana Association of Banks is rolling out a nationwide anti-fraud campaign from May 22 to October 2026 focused on public education and behavioural change to combat rising financial fraud and restore confidence in the banking sector. The campaign will address the full spectrum of banking fraud through collaboration among banks, fintechs, regulators, law enforcement and media.
22 May 2026 · Business & Financial Times →