President John Dramani Mahama has disclosed that nearly one-fifth of all cyberattacks reported globally have targeted the financial sector, resulting in losses exceeding $12 billion since 2020.
He described the current global cybercrime costs, estimated at more than $2.5 billion, as “alarming.”
He emphasized that Ghana is also vulnerable, noting that the country continues to grapple with cyber fraud, phishing scams, identity theft, and other digital crimes affecting individuals and businesses alike.
According to the President, as Ghana expands mobile money services and digitized public systems, strong cybersecurity safeguards are essential. Under the Reset Ghana Agenda, his administration has prioritized digital transformation, placing cybersecurity at the heart of this national strategy.
Highlighting some key programs, Mahama pointed to the One Million Coders Programme launched in April 2025 which aims to equip one million young Ghanaians with skills in coding, data analytics, software development, and cybersecurity.
Ongoing pilot projects in Greater Accra, Ashanti, Bono, and Upper East regions have already enrolled thousands of participants.
He further referenced the Digital Job Initiative, a partnership between government and private sector, intended to generate long-term employment through technology. Plans include building regional ICT hubs and innovation centers to advance fields like artificial intelligence, cybersecurity, and digital entrepreneurship.
President Mahama reaffirmed his government’s dedication to creating a secure, inclusive, and modern digital economy capable of addressing both the opportunities and risks of the future.
Author: Jasmine Adjei
Development journalist
