Financial crime, fraud trends and regulatory expectations in the digital era: Evidence from the Ghanaian banking industry

Collins Boamah

No PB/005/26, Policy Briefs from Ghana Association of Banks (GAB), Accra

Abstract: The acceleration of digital financial services in Ghana has transformed the country's banking landscape while simultaneously reshaping its financial crime risk profile. Drawing on insights from the Bank of Ghana (BoG) Annual Fraud Reports, Ghana Association of Banks (GAB) Quarterly Fraud Reports, Financial Intelligence Centre (FIC) data, and law enforcement sources including the Ghana Police Service, EOCO, and OSP, this paper examines evolving fraud typologies, systemic vulnerabilities, and regulatory expectations within Ghana's banking sector. The findings reveal a structural shift from traditional branch-based fraud to digitally enabled, identitydriven, and cross-border financial crime. The paper argues that regulatory compliance alone is insufficient; instead, a resilience-based, intelligenceled, ecosystem-wide response is required to safeguard financial stability in the digital era.

Date: 2026
New Economics Papers: this item is included in nep-afr, nep-law and nep-pay
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