Bank of Ghana Flags Cash Suppression Risk After Fraud Case

The Bank of Ghana reported a GH¢40.7 million cash suppression risk after a single GH¢36 million fraud case, despite an overall decline in fraud cases and value at risk in the banking sector.

8 Jul, 12:24 — 8 Jul, 12:24

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myjoyonlineMixed56d ago

BoG flags GH¢40.7m cash suppression risk after single GH¢36 million fraud case

The report shows that banks recorded 472 fraud cases in 2025, down from 716 cases in 2024, representing a 34% decline. Similarly, the overall value at risk in the banking sector fell by 24%, from GH¢75 million to GH¢57 million.

By Charles Nixon

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Bank of Ghana Flags Cash Suppression Risk After Fraud Case

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BoG flags GH¢40.7m cash suppression risk after single GH¢36 million fraud case

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