Ghana's president sends a war threat to digital fraudsters

Ghana’s president, Nana Addo Dankwa Akufo-Addo has given a strong indication that his administration will not relent on fighting against digital fraudsters in the country.

President Nana Addo Dankwa Akufo-Addo

Speaking at the opening ceremony of a three-day SWIFT African Regional Conference, Nana Akufo-Addo said the government is doing this to safeguard the digital economy of the country.

He said that, “the evolution of technological innovations have a downside” and that “the world over cyber attacks on digital payment platforms have become sophisticated and it is important that we close ranks to deal with this new emerging threat lest we risk the erosion of confidence in our financial Payment system.”

“Just as technology offers opportunities to grow our economies and bring progress to our people, there are criminal syndicates who will always be burnt on exploiting it for their selfish interests. They have to be relentlessly fought” President Akufo-Addo added.

He also urged the over 500 financial service representatives from across the industry in Africa, to use the 26th edition of the SWIFT African Regional Conference (ARC), to find strategic solutions to the digital financial challenges in Africa.

“This conference should serve as the Fulcrum to strengthen the future of the African financial industry. I believe in this room, we have a distinguished gathering who will share their perspectives on some of the critical issues to spare our continent towards the path of full digitization of her economies” President Akufo Addo stated.

Meanwhile, the Governor of the Bank of Ghana, Dr. Ernest Addison in his opening address said the government through the Bank of Ghana is on course to delivering change to customers of banks in Ghana by using new technologies effectively.

He added that the BoG will continue to leverage on existing regulatory frames works to ensure that the country’s economy remains stable.

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