Mobile Money Fraud in Ghana: The Influence of Selected Demographic Variables

Patrick Joel Turkson (), Joseph Gyamfi Yeboah (), Doris Anim Yeboah () and Paul Quaisie Eleke-Aboagye ()
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Patrick Joel Turkson: Methodist University Ghana
Joseph Gyamfi Yeboah: Methodist University Ghana
Doris Anim Yeboah: Ghana Christian University College
Paul Quaisie Eleke-Aboagye: Methodist University Ghana

RAIS Conference Proceedings 2022-2024 from Research Association for Interdisciplinary Studies

Abstract: The study examined mobile money fraud by highlighting the differences in consumer profiles using selected variables (gender, age, educational level, financial status, and knowledge of mobile money fraud). Data was collected from selected parts of the Greater Accra Region and the Eastern Region of Ghana over the period of three months. A convenience sampling technique was employed to select a total of 408 respondents, which constituted the sample size of the study. A 100% response rate was attained. Descriptive statistics, comparing means, and the ANOVA test were employed to analyze the data collected. SPSS version 26 was the statistical tool used for the analysis. The study revealed that males, individuals aged 18–25, those with no formal education, those with poor financial status, and those unaware of mobile money fraud become easy targets for mobile money fraudsters in Ghana. The study concluded that differences in gender, age, educational level, financial status and knowledge of mobile money fraud influence mobile money fraud in Ghana.

Keywords: Mobile money fraud; age; gender; financial status; educational level; Ghana (search for similar items in EconPapers)
Pages: 10 pages
Date: 2024-08
New Economics Papers: this item is included in nep-mon and nep-pay
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Published in Proceedings of the 38th International RAIS Conference on Social Sciences and Humanities, November 21-22, 2024, pages 1-9

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