The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have warned the public against a fraudulent crypto investment platform known as “Daily Wealth Guide.”
The regulators said the platform is being promoted through social media with promises of high returns, including through a doctored video purportedly showing President John Dramani Mahama endorsing the investment scheme.
In a notice issued on September 1, 2026, the Bank of Ghana said the scheme amounts to illegal deposit-taking, as it invites members of the public to deposit funds with individuals or entities that are not licensed to undertake such activities.
The Bank stressed that it has not licensed any individual or entity to engage in crypto investment, warning that persons or entities involved in such activities are committing an offence.
According to the BoG, offenders could be penalised and required to refund all funds received.
They may also face an administrative penalty of between 500 and 100,000 penalty units under Section 53(3) of the Anti-Money Laundering Act, 2020 (Act 1044).
The Bank further warned that individuals or entities engaged in such practices could be reported to law enforcement agencies for investigation and prosecution.
Public urged to verify investment platforms
The BoG has advised members of the public to verify the licensing status of individuals and entities with the Bank or other relevant authorities before depositing money with them.
It also reminded the public to place deposits only with institutions licensed by the Bank of Ghana and other relevant authorities.
The regulator has additionally directed media organisations, including radio, television and online platforms, not to permit advertisements promoting such unlicensed “foreign investors” or investment schemes.
Media outlets have been encouraged to verify the licensing status of such entities before advertising their products or services.
The Bank of Ghana and the SEC urged the public not to participate in the scheme and to report suspected illegal activities to the Bank’s Financial Stability Department.
The regulators said they would seek the assistance of law enforcement agencies to arrest and prosecute persons found culpable.
The notice was signed by Aimee Vyda Quashie, Secretary of the Bank, on behalf of the Bank of Ghana.
Ghana|Atinkaonline.com|Mavis Fantevi
