{"id":107677,"date":"2025-12-19T21:39:24","date_gmt":"2025-12-19T21:39:24","guid":{"rendered":"https:\/\/sotnews.agency\/?p=107677"},"modified":"2025-12-19T21:39:24","modified_gmt":"2025-12-19T21:39:24","slug":"2nd-deputy-bog-boss-sounds-alarm-on-digital-fraudsters-calls-for-united-front","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=107677","title":{"rendered":"2nd Deputy BoG boss sounds alarm on digital fraudsters, calls for united front"},"content":{"rendered":"
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Second Deputy Governor of the Bank of Ghana (BoG), Matilda Asante has issued a stark warning and a call to arms against the rising threat of unlicensed digital financial entities, declaring that protecting the integrity of the financial system is now a \u201cshared responsibility.\u201d<\/p>\n

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The urgent plea for a fortified, coordinated response came at the COCLAB Technical Committee Workshop in Accra, a key gathering of banking, regulatory, and security stakeholders. <\/p>\n

Addressing the forum, Matilda Asante highlighted a critical paradox: while Ghana\u2019s economy and financial sector post \u201cencouraging gains,\u201d they remain vulnerable to sophisticated predatory schemes operating online.<\/p>\n

\u201cUnlicensed financial entities continue to exploit digital platforms, mislead consumers, and threaten confidence in the financial system,\u201d Asante stated in a post-workshop message on Facebook. \u201cThese activities demand a coordinated response.\u201d<\/p>\n

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Central to her address was a push for a new level of operational unity to combat the evolving threat. She stressed the need for \u201cstronger collaboration, shared intelligence, and joint enforcement actions among all stakeholders,\u201d arguing that commitment must extend \u201cbeyond policy discussions\u201d into concrete, synchronized operations.<\/p>\n

The workshop, convened by the Collaboration between Law Enforcement and Banking Community (COCLAB), is designed as a tactical platform to address such cross-cutting financial crimes. Asante praised the initiative for fostering crucial dialogue but emphasized that the path forward requires institutionalizing the cooperation.<\/p>\n

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\u201cI applaud COCLAB for creating a platform that brings institutions together to address these emerging risks and look forward to stronger, more structured cooperation going forward,\u201d she noted.<\/p>\n

The Deputy Governor\u2019s comments underscore a growing official concern over \u201cfintech\u201d fraudsters and illegal investment schemes that leverage social media and digital advertising to target consumers. <\/p>\n

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These entities, operating outside the regulatory purview of the BoG and the Securities and Exchange Commission (SEC), often promise unrealistic returns, leading to significant financial losses for individuals and eroding trust in licensed institutions.<\/p>\n

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The call for \u201cshared intelligence\u201d suggests a potential framework for real-time data exchange between commercial banks, the central bank, and agencies like the Economic and Organised Crime Office (EOCO) and the Ghana Police Service to identify, track, and dismantle these networks more swiftly.<\/p>\n<\/div>\n

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\"2ndSecond Deputy Governor of the Bank of Ghana (BoG), Matilda Asante has issued a stark warning and a call to arms against the rising threat of unlicensed digital financial entities, declaring that protecting the integrity of the financial system is now a “shared responsibility.”<\/div>\n","protected":false},"author":1,"featured_media":107678,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2367,14198,14199,1883,10,9],"tags":[],"class_list":["post-107677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bog","category-digital-fraud","category-matilda-asante","category-national","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/107677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107677"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/107677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/107678"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}