The Bank of Ghana (BoG) has disclosed that reported fraud cases in Ghana’s digital financial services sector increased by 48 per cent in 2025, underscoring the growing risks associated with the rapid expansion of digital finance. Reported fraud cases rose by 48 per cent in 2025, concentrated in payment services,” he stated. He said the central bank is tightening licensing requirements for digital financial service providers while enhancing consumer protection measures across the industry. He further emphasised that technological innovation must never undermine public confidence in digital financial services. Mr Asare also highlighted the need to deepen digital financial literacy, arguing that expanding access to digital financial services without equipping users with the knowledge to use them safely does not amount to true financial inclusion.