Communications Minister Calls Emergency Meeting with Mobile Money Operators Over Fraud Surge
Urgent Talks Called to Tackle Mobile Money Fraud Epidemic
- Sam George, has announced that he has summoned all Electronic Money Issuers (EMIs) for an urgent meeting
- Mr. George described the increasing trend of mobile money scams as deeply alarming
- He concluded by urging the public to remain vigilant against potential fraud attempts
The Minister for Communications and Digitalisation, Sam George, has announced that he has summoned all Electronic Money Issuers (EMIs) for an urgent meeting this week to address the escalating issue of mobile money fraud across Ghana.
Mr. George described the increasing trend of mobile money scams as deeply alarming and assured the public of swift governmental action.
“The significant rise in mobile money fraud is simply unacceptable. In response, I have called an urgent meeting with all EMIs this week to demand clear explanations and robust strategies to safeguard consumer funds. The meeting was initially scheduled for yesterday, Thursday, but the EMIs have requested a postponement until after the Easter break,” Mr. George disclosed.
He emphasized that the government is committed to protecting Ghanaians from digital criminals and will not stand by while citizens lose their hard-earned money through these fraudulent activities.
Mr. George explained that the upcoming meeting will center on accountability measures for EMIs, the strengthening of user protection protocols, and the strict enforcement of digital security standards among all mobile money service providers operating in Ghana.
“Let me be clear: there will be consequences for platforms that are demonstrably failing to adequately protect the funds entrusted to them by their users,” he stressed.
The Communications Minister also indicated that the government is actively considering potential regulatory changes to further tighten security within the digital payment ecosystem.
“We are currently reviewing the existing regulatory framework, and if it becomes necessary to amend laws to compel stricter compliance from EMIs, we will not hesitate to take that action,” he noted.
Mr. George concluded by urging the public to remain vigilant against potential fraud attempts and to promptly report any suspicious activities they encounter.
“While the government is actively working to combat this menace, it is equally crucial for users to take personal responsibility for their security by exercising caution and staying informed about potential scams,” he advised.
