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Two Arrested for GH¢127 Million Cyber Theft in Ghana

Two Arrested for GH¢127 Million Cyber Theft in Ghana

First seen 16 Sep 2026, 23:22 UTC

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ThreatCluster AI
ThreatCluster September 17, 2026 at 00:21 UTC
  • Two suspects arrested for a GH¢127 million cyber theft in Ghana.
  • Funds were transferred through unauthorized access to the company's financial systems.
  • Investigation continues with three additional suspects still at large.

Two individuals, Wisdom Mandy and Dennis Kudzo Letsa, were remanded for allegedly stealing GH¢127 million from a company via unauthorized access to its computer systems. The theft involved multiple unauthorized transactions detected between August 23 and August 30, 2026. The funds were transferred into various bank accounts across 12 financial institutions and MTN Mobile Money accounts. Mandy's businesses reportedly received substantial amounts of the stolen funds, including GH¢49.7 million and GH¢19.3 million. The investigation is ongoing, with three additional suspects still at large. The case is set to continue on September 22, 2026. The managing director of the affected company reported the incident to the police on August 31 after discovering the unauthorized transactions during a financial reconciliation.

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Timeline

2026-08-31
Theft reported to police
The managing director reported unauthorized transactions totaling GH¢127 million after a financial reconciliation.
Modernghana
2026-09-12
Two suspects remanded
Wisdom Mandy and Dennis Kudzo Letsa were remanded by the Accra Circuit Court as investigations continue.
Modernghana
2026-09-22
Next court hearing scheduled
The court case is set to continue with further investigations into the cyber theft.
Modernghana

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