Ghanaians lose $1.3 million to Mobile Money fraud in Q1 2025 – INTERPOL report

Ghanaians lost an estimated $1.3 million to mobile money fraud during the first quarter of 2025, highlighting the growing threat of cyber-enabled financial crime in the country, according to the INTERPOL African Cyberthreat Assessment Report 2026.
The report identifies Ghana among several African countries experiencing a sharp rise in mobile money-related scams, as cybercriminals increasingly exploit digital payment platforms to target unsuspecting users and steal funds.
According to INTERPOL, mobile money fraud has become Africa's most common form of online scam, with 97% of member countries surveyed identifying it as a major cybersecurity threat.
READ MORE: Fuel prices to rise from August 1 as cedi weakens, petrol, diesel and LPG increase
Criminals are using a range of tactics, including phishing attacks, SIM-swap fraud, fake promotional offers and sophisticated social engineering techniques to gain access to victims' mobile wallets and carry out unauthorised transactions.
"Mobile money fraud has emerged as the most prevalent online scam reported by member countries," the report stated, warning that the rapid expansion of digital financial services has created new opportunities for cybercriminals.
The assessment also highlights Kenya as one of the countries most affected by the growing trend. Authorities there detected more than 123,000 fraudulent SIM cards in 2025, many of which were linked to SIM-swap fraud schemes.
INTERPOL warned that fraudsters are increasingly exploiting weaknesses in mobile payment systems to intercept one-time passwords (OTPs), hijack customer accounts and transfer money without authorisation.
The report further cautioned that advances in artificial intelligence (AI) are making online scams more convincing and difficult to detect. Cybercriminals are now using AI-generated messages, voice cloning technology and other advanced social engineering techniques to trick victims into revealing sensitive financial information or approving fraudulent transactions.
To address the growing threat, INTERPOL is urging governments, law enforcement agencies, financial institutions and telecommunications companies to strengthen collaboration in combating cybercrime.
The organisation also called for increased public awareness campaigns and stronger cybersecurity measures to better protect users of mobile money and other digital financial services across Africa.
Edem Kwame
Chief Editor
Edem Kwame is a staff journalist at GH News Media, where he covers sports, politics, news and current affairs with a sharp focus on Ghanaian and African football.

