Mobile Money Fraud in Ghana: The Influence of Selected Demographic Variables

ABSTRACT: The study examined mobile money fraud by highlighting the differences in consumer profiles using selected variables (gender, age, educational level, financial status, and knowledge of mobile money fraud). Data was collected from selected parts of the Greater Accra Region and the Eastern Region of Ghana over the period of three months. A convenience sampling technique was employed to select a total of 408 respondents, which constituted the sample size of the study. A 100% response rate was attained. Descriptive statistics, comparing means, and the ANOVA test were employed to analyze the data collected. SPSS version 26 was the statistical tool used for the analysis. The study revealed that males, individuals aged 18–25, those with no formal education, those with poor financial status, and those unaware of mobile money fraud become easy targets for mobile money fraudsters in Ghana.  The study concluded that differences in gender, age, educational level, financial status and knowledge of mobile money fraud influence mobile money fraud in Ghana. KEYWORDS: Mobile money fraud, age, gender, financial status, educational level, Ghana