Fraud within Ghana’s traditional banking sector declined sharply in 2025, but a surge in electronic fraud at Payment Service Providers (PSPs) pushed overall financial sector fraud to a record high.
The Ghana Revenue Authority (GRA) has concluded investigations into the interception of 18 trucks that were falsely declared as transit cargo destined for Niger, describing the operation as a deliberate smuggling scheme intended to evade taxes and divert goods onto the Ghanaian market.
A renewed fall in new orders contributed to a deterioration in overall business conditions for companies in Ghana at the midway point of 2026.
The insurance industry has called for an urgent amendment of the Public Financial Management Regulations (LI 2378) that allows insurers to issue advance payment guarantees for contractors and service providers executing government projects.
The government has secured a US$28 million investment from the Republic of Korea to expand digital Science, Technology, Engineering and Mathematics (STEM) education, marking a new phase in efforts to equip Ghanaian students with skills for the digital economy.
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