Between January and June 2023, cyber fraud activities cost Ghana $4.32 million (GH¢49.5m) in direct financial losses.
Director-General of the Cyber Security Authority (CSA), Albert Antwi-Boasiako, stated that the number only represented a portion of the cases reported to government organisations.
Meanwhile, financial losses arising from unreported cases could be greater than those announced so far.
He mentioned that the Authority received 41,285 contacts from members of the public between October 2019 and July 2023 of complaints about cybercrime and other related activities.
Identity theft, online extortion, romance fraud, and shopping fraud accounted for 41% of the total.
Antwi-Boasiako made this announcement on Sunday at the Accra media launch for this year’s National Cybersecurity Awareness Month, which will take place in October.
He emphasised that the country needs to do more to educate young people about cybersecurity issues.