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Tuesday, 7 July 2026
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Tuesday, 7 July 2026
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Ghanaian press · Organization

Ghana Association of Banks

Also known as: GAB

Ghana Association of Banks — industry body launching anti-fraud campaigns and representing sector interests, engaged in nationwide fraud prevention and banking sector advocacy through 2026.

2026-04-272026-07-07
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In coverage

Verbatim sentences from the source article.

  1. April 2026

  2. Joy Online

    … The Ghana Association of Banks, through research, also identified public awareness as a critical success factor for Ghana’s non-interest banking implementation, calling for targeted consumer education. …

    Ghana must demystify non-interest banking now – Economic experts

  3. Joy Online

    … Research by the Ghana Association of Banks suggests the model could diversify the financial sector, attract foreign investment and support infrastructure development, while improving financial inclusion. …

    Ghana moves toward interest-free banking as local lenders seek licences
Business

Rising digital fraud threatens Ghana's cash-lite economy push

The News

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.

Why it matters

Bank of Ghana warns that surging digital fraud could erode public trust in digital payments and derail Ghana's push toward a cash-lite economy.

6 hours ago · Joy Online →

Today

  1. Rising digital fraud threatens Ghana's cash-lite economy push

    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.

    6 hours ago · Joy Online →

  2. Financial literacy needed alongside enforcement to combat digital fraud

    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 hours ago · Joy Online →

Yesterday

  1. BoG urges unified fraud-control system across financial sector

    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 →

  2. Digital payments bring informal workers into formal economy

    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 →

Friday 3 July

  1. GAB launches anti-fraud campaign roadshow in Tamale

    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 →

Thursday 2 July

  1. Bank of Ghana launches Sustainable Finance Roadmap

    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 →

  2. Digital Economy Forum launched to examine Ghana's digital transformation

    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 →

Wednesday 1 July

  1. Bank of Ghana launches Sustainable Finance Roadmap framework

    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 →

Tuesday 16 June

  1. Middle East developments will influence Ghana inflation outlook

    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 →

Monday 8 June

  1. Visa urges banks and merchants to expand contactless payment acceptance in Ghana

    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 →

Wednesday 3 June

  1. Ghana Reference Rate drops marginally to 10.02% for June

    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 →

Monday 25 May

  1. GAB launches nationwide campaign against banking fraud

    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 →

Friday 22 May

  1. Ghana banking sector launches six-month anti-fraud campaign

    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 →

  2. Borrowing costs to rise marginally despite unchanged policy rate

    Ghana Association of Banks CEO John Awuah says interest rates will increase marginally in coming weeks despite the policy rate remaining at 14%, citing rising treasury bill rates and other variables influencing the Ghana Reference Rate.

    22 May 2026 · Joy Online →

  3. Ghana's banking sector shows recovery but faces continued challenges

    The CEO of the Ghana Association of Banks cautioned against declaring the sector fully recovered, saying improved first-quarter performances and stronger numbers represent work in progress rather than total victory. He credited the banking system's resilience to surviving recent economic shocks including inflation, currency pressures, and the domestic debt exchange programme.

    22 May 2026 · Joy Online →

  4. Banking sector expresses confidence in Ghana's economic recovery

    The Ghana Association of Banks CEO John Awuah says banks are "safely anchored" and ready to support growth, citing improved financial results and economic fundamentals after years of turbulence. He noted the banking system has proven resilient through recent shocks and that recovery signs are encouraging.

    22 May 2026 · Joy Online →

Thursday 21 May

  1. Ghana's banks launch six-month nationwide anti-fraud campaign

    The Ghana Association of Banks will run a public education campaign from May 22 to October 2026 to combat rising financial fraud and restore confidence in the banking sector. The campaign targets social engineering, Business Email Compromise, card fraud, account takeover, identity theft, and cyber intrusion.

    21 May 2026 · Business & Financial Times →

Thursday 14 May

  1. Ghana's banking sector faces rising fraud across customer lifecycle stages

    Ghana's financial sector recorded 16,733 fraud cases in 2024, a 5% increase on the prior year with a total value at risk of GH¢99 million and a 214% increase in fraud values since 2020. Fraud is now embedded throughout the customer relationship from pre-onboarding to account management, requiring institutions to intervene and protect customers at every stage.

    14 May 2026 · Business & Financial Times →

Wednesday 13 May

  1. Bank of Ghana spent GH¢16.7bn on bank interest payments in 2025

    The Bank of Ghana's 2025 audited financial statements show it spent GH¢16.73 billion in a single year paying interest to commercial banks on liquidity-absorption instruments—nearly double the 2024 amount and the central bank's single biggest structural cost burden.

    13 May 2026 · Business & Financial Times →

Wednesday 6 May

  1. Ghana Reference Rate falls to 10.03% in May

    Ghana's Reference Rate for May 2026 declined marginally to 10.03% from 10.06% in April, driven by a slight drop in the interbank rate. The movement could lead to marginal reductions in lending rates on loans negotiated between May 5 and June 1, 2026, with variable-rate borrowers and those with strong credit profiles expected to benefit.

    6 May 2026 · Joy Online →

Thursday 30 April

  1. Ghana needs aggressive public education on non-interest banking

    Economic experts and banking professionals are urging the Government and Bank of Ghana to launch a public education campaign to support Ghana's non-interest banking rollout, citing misconceptions and low awareness as threats to success. One indigenous bank has applied for a licence while four others prepare applications.

    30 April 2026 · Joy Online →

Monday 27 April

  1. Ghana pursues non-interest banking as lenders apply for licences

    At least one indigenous lender has formally applied for a non-interest banking licence in Ghana, with four additional banks preparing applications following the Bank of Ghana's release of guidelines in January 2026. The regulator has signalled readiness to assess applications, while the Securities and Exchange Commission works on rules for sukuk, Islamic financial instruments offering alternative funding options.

    27 April 2026 · Joy Online →

Ghana Association of Banks — Ghanaian press coverage · Ghana Minute