Founder and Executive Chair of e-Crime Bureau, Dr. Albert Antwi-Boasiako, says cyberattacks have become an existential risk for businesses operating in the digital economy.
The report indicates that founder and Executive Chair of e-Crime Bureau, Dr. Albert Antwi-Boasiako, says cyberattacks have become an existential risk for businesses operating in the digital economy.
It further notes that he says banks, fintech companies, e-commerce platforms, online merchants, logistics firms and payment service providers can no longer treat cybersecurity as a technical matter reserved for IT departments.
As more business operations move online, he says companies must invest in protection, early detection and recovery systems or risk losing revenue, customer trust and operational continuity.
Dr. Antwi-Boasiako was speaking in a yet-to-be-aired documentary, “The Trust Crisis,” ahead of the maiden Digital Economy Forum under the theme, “The Trust Crisis: Why Fraud Is Holding Back Ghana’s Digital Economy.”
The thought-leadership platform, an initiative of Hubtel, will air on JoyNews and Joy FM on Wednesday, July 22, 2026, at 8 p.m.
The forum will bring together regulators, banks, fintech companies, telecommunications firms, cybersecurity experts, businesses and consumers to examine how fraud and cybercrime are affecting confidence in Ghana’s digital economy.
Dr. Antwi-Boasiako stated the growing dependence on digital platforms has changed the risk profile of businesses.
“Businesses must invest in cyber protection. They must understand that they can be targets and prepare to protect their platforms and services. Cyberattacks have become an existential risk in the digital age. We must stay aware, prevent where possible, detect early and be prepared to recover quickly when attacks happen,” he indicated.
The e-Crime Bureau boss’ warning comes at a time when Ghana’s payment and digital service ecosystem is expanding rapidly.
The Bank of Ghana’s 2024 Payment Systems Oversight Annual Report says Ghana’s payment landscape remained buoyant and robust in 2024 as the adoption of digital payments increased. The central bank stated it focused on effective oversight of players within the space to ensure that risks associated with digital payments were kept at a minimum.
Available data from the report shows mobile money transaction values reached about GH¢3.01 trillion in 2024, up from GH¢1.92 trillion in 2023. Transaction volumes also rose to about 8.1 billion in 2024, from 6.8 billion in 2023.
That scale of activity means more businesses now depend on digital payments, online verification, mobile applications, customer databases and platform availability to operate.
For payment companies, an attack can disrupt transactions.
For e-commerce platforms, it can redirect customers to fake pages or compromise payment flows.
