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President John Dramani Mahama has sounded the alarm on the growing threat of cybercrime, revealing that 20% of all reported cyber incidents worldwide have targeted the financial sector, resulting in direct losses of over $12 billion since 2020. Cyber-related losses are now estimated at a staggering $2.5 billion. Speaking at the launch of the 2025 National Cyber Security Awareness Month in Accra, President Mahama warned that the impact of cybercrime extends far beyond financial damage, leading to job losses, erosion of public trust, and in extreme cases, loss of lives.
Ghana is not immune to these threats, with rising cases of cyber fraud, phishing, identity theft, and other digital crimes affecting individuals and businesses. As the country expands digital public services and mobile money usage, strengthening systems that protect them is crucial. President Mahama emphasized that digital transformation is a central pillar of his government’s ‘Reset Ghana’ Agenda, with cybersecurity at its core.
To build a modern, inclusive, and secure digital economy, President Mahama highlighted several flagship initiatives:
Launched in April 2025 to train one million young Ghanaians in coding, data analytics, software engineering, and cybersecurity. Pilot projects are already underway in Greater Accra, Ashanti, Bono, and Upper East regions. A public-private partnership designed to create sustainable employment through technology, including the establishment of regional digital centers and ICT parks to drive innovation in areas like artificial intelligence, cybersecurity, and digital entrepreneurship. Inaugurated to strengthen national response to cyber threats, the committee will work closely with the Cyber Security Authority. A $50 million fund to support local start-ups in developing financial technology solutions for domestic and continental use.
President Mahama assured Ghanaians that his government is committed to building a secure digital economy, preparing the country for the opportunities and risks of the future.
epos MBN360news
