The hacking of President John Dramani Mahama’s X account could have caused inflation in Ghana if the anomaly had not been averted within the shortest possible time, a cyber security expert, has stated.
The type of ad placed on the President’s account when it was hacked, could have affected the stock market and fueled inflation, according to Dr. Edward Danso-Ansong, Head of the Cyber Security Lab at the University of Ghana, Legon.
“Or even if it had to do with the stock market or the industry, the economy and all of that, you can imagine how this could have even caused inflation,” he said on Ghana Tonight on TV3 Tuesday, March 18, 2025.
His comments come after President Mahama’s X account was hacked, a breach confirmed by the Cyber Security Authority (CSA), which stated that the account had been compromised.
The CSA in a statement Tuesday, March 18, 2025, said it received report about the ‘hacking’ of the President’s X account in the early hours of Monday, March 17, 2025.
The statement added that the account was used to promote a cryptocurrency called “Solana Africa”.
This, according to the cyber security expert, could have caused inflation. He cited a similar incident involving Google, which affected the performance of the Ghana cedi within a short time, suggesting that a recurrence of such an incident, if not addressed promptly, could have had severe consequences.
“Just recently when we saw Google, having a glitch on their exchange rate currency, and then all of a sudden the cedi fell to 8 cedis and then had to jump back. Do you know what could have actually happened if this glitch had not been fixed within that shortest time?” he quizzed.
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