Communications Minister Summons EMIs Over Rising Mobile Money Fraud
Ghana’s Communications and Digitalisation Minister, Sam George, has announced urgent steps to address the growing threat of mobile money fraud. During an appearance on JoyNews’ PM Express on April 15, he expressed grave concern over the increasing incidents and revealed that he has summoned all Electronic Money Issuers (EMIs) for a critical meeting.
“The surge in mobile money fraud is unacceptable,” Mr. George said firmly. He emphasized that the government will not tolerate a situation where citizens continue to lose their hard-earned money to fraudsters operating on digital platforms. Although the meeting was originally scheduled for Thursday, it was postponed at the request of the EMIs to a date after the Easter holiday.
The minister noted that the upcoming meeting will be focused on holding EMIs accountable, reviewing current security practices, and developing clear strategies to enhance user protection. He made it clear that the era of leniency was over and that firms failing to adequately protect users’ funds would face consequences.
“There will be consequences for platforms that are not doing enough to safeguard the funds of their users,” Mr. George stated, adding that no provider would be allowed to operate without meeting strict security standards.
Additionally, he hinted at the possibility of strengthening existing regulations. He said that the government is already evaluating the digital finance regulatory framework and may introduce legislative changes to ensure tighter compliance. “If it means amending laws to compel stricter compliance, we will not hesitate,” he declared.
He also took the opportunity to remind the public that the fight against digital fraud is a shared responsibility. While the government and service providers have a duty to protect users, individuals must also remain alert and cautious when using mobile money services.
“While the government is doing its part, users must also protect themselves by being cautious and informed,” he urged, encouraging people to report suspicious activities quickly.
Sam George’s announcement underscores a more proactive and no-nonsense approach to digital security. As mobile money becomes increasingly embedded in daily life, his actions aim to restore public trust and protect consumers from cybercriminals exploiting the system. The meeting with EMIs is expected to set new standards and drive change within the sector.
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