Ghana’s Energy, Banking Systems Vulnerable to Cyber Threats – Analyst

By: Solomon Nartey Tetteh

Economic Analyst Emmanuel Boateng has warned that Ghana faces growing cyber security risks, particularly within its energy and financial systems, if urgent steps are not taken to strengthen digital infrastructure. His comments follow the World Economic Forum’s Global Risks Report 2026, which highlights widespread disruptions to critical infrastructure worldwide, particularly from cyber attacks on energy grids.

Speaking on Business Breakfast on Zed 101.9FM, Mr. Boateng highlighted the potentially severe consequences of a cyber attack on the Electricity Company of Ghana (ECG), especially its payment platforms. He noted that any disruption to ECG’s digital payment systems would have far-reaching implications, given the enormous volume of financial transactions processed through them, stressing that vulnerabilities in energy management software alone could compromise multiple systems simultaneously, leading to widespread operational and financial challenges.

According to Mr. Boateng, these risks underscore Ghana’s broader exposure to cyber threats, particularly as critical national infrastructure becomes increasingly digitised. He explained that outdated or poorly secured systems make it easier for attackers to gain unauthorised access, placing essential services at risk.

The Analyst also drew attention to emerging global trends, including advances in quantum technology. He referenced concerns raised in a recent report about “cryptographic complacency,” a situation where existing encryption methods used to protect banking and sensitive data could eventually become obsolete.

Mr. Boateng emphasised that preparation must begin now, explaining that upgrading national digital infrastructure is a long-term process that can take years, making early action crucial.

“If we don’t move forward and keep pace with technological changes, we may be left behind. Lagging systems are more susceptible to cyber intrusions, he warned.

Mr. Boateng called on policymakers and stakeholders to prioritise cyber resilience, particularly in critical sectors such as energy and finance, to safeguard Ghana’s economy and national security in an increasingly digital world.