The Bank of Ghana is moving to intensify cybersecurity measures across the financial sector as digital payment adoption accelerates nationwide.
According to the Central Bank, the rising cyber risks demand stronger oversight and more advanced protective systems to safeguard banks, payment service providers and millions of customers who rely on digital finance.
Speaking on behalf of Governor Dr. Johnson Asiama at the Visa–Bank of Ghana Cybersecurity Summit, Acting Head of Information Security, Daniel Klu, revealed that the Bank is rolling out a multi-layered strategy aimed at strengthening the sector’s resilience against increasingly sophisticated cyberattacks.
Mr. Klu explained that cybercriminals are adapting quickly to Ghana’s digital transformation, prompting regulators to deploy enhanced monitoring tools, tighter supervisory frameworks and targeted interventions to protect critical financial infrastructure.
“We are tracking emerging risks closely and rolling out targeted measures to bolster the security of the entire ecosystem,” he noted.
The summit brought together cybersecurity experts and industry leaders to examine fraud trends affecting digital payments and explore innovative solutions to counter them.
The Country Manager of Visa Ghana, Fabrice Konan, underscored the need for continuous vigilance, warning that trust in digital financial services depends heavily on the sector’s ability to stay ahead of cyber threats.
In a detailed presentation, Irene Auma, Visa’s Head of Risk for Sub-Saharan Africa, highlighted how artificial intelligence is transforming the fight against financial fraud.
She said AI-driven systems can detect unusual behaviour in real time, map emerging fraud patterns and flag suspicious transactions before they cause major breaches.
“Artificial intelligence gives us the speed and accuracy needed to detect fraud before it causes widespread damage,” she explained.
The Bank of Ghana says it will continue collaborating with global partners and financial institutions to build a stronger, more secure digital finance ecosystem as Ghana’s digital economy expands.
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