Banks push joint platform to lift Ghana’s low fraud recovery rate

The Ghana Association of Banks is pushing for deeper intelligence sharing and a common industry platform to help recover funds lost to financial fraud, as the banking sector struggles with a recovery rate estimated at only about 5 percent in 2025.Chief Executive Officer of the Ghana Association of Banks, John Awuah, says banks, fintechs, payment service providers and telecommunications companies must work more closely to prevent fraudsters from exploiting gaps between financial institutions and payment platforms.