Cybercrime is a pressing issue in Ghana, with its scope and effects growing steadily. This course
seeks to explore the challenges of cybersecurity in Ghana and to provide valuable insights into
the strategies needed to effectively combat it. The Ghana Chamber of Telecommunications has
reported that in 2020 alone, 1,097 cases of cyber fraud were reported at the Cybercrime Unit of
the Criminal Investigation Department (CID), resulting in a huge loss of $19 Million.
In recent years, Ghana has unfortunately been a victim of large financial losses due to
cybercrime. The country has reported significant amounts of money being lost to various forms
of online fraud and other cybercriminal activities. In this explanation, we will delve into the
details of how Ghana lost $35 million in 2016, $69 million in 2017, $98 million in 2018, $105
million in 2019, $77 million in 2020, an alarming $97 million in 2021 to fraudsters, Ghana lost
$77 million dollars to fraudsters in 2022 and Ghana recorded US$105 million in 2023 on
cybercrime as the year is left with three months to end