Investment Scam Alert: SEC Exposes Two Unlicensed Online Platforms Targeting Ghanaians

The Securities and Exchange Commission (SEC) of Ghana has issued a strong warning to the public regarding two online platforms—News GH and Ghana News—accused of promoting unlicensed and illegal investment schemes.

In an official statement released on July 1, 2025, the SEC cautioned that these entities are operating outside the country's regulatory framework, in violation of the Securities Industry Act, 2016 (Act 929), as amended.

What Are They Promoting?

News GH is marketing a scheme known as the "Gold AI Rise Platform," which claims to offer high returns using artificial intelligence.
Ghana News is advertising a similar product that allegedly guarantees high returns with zero risk—a red flag that the SEC categorically dismissed as “unrealistic and misleading.”

Not Licensed, Not Legal

“The SEC has not licensed either of these entities to conduct capital market activities in Ghana,” the statement emphasized. It went on to warn that both platforms are using social media to aggressively promote their schemes, bypassing regulatory oversight and putting investors at significant financial risk.

These activities are in clear violation of Sections 3 and 208(c) of the Securities Industry Act, which outline the requirements and protections for legitimate investment operations in Ghana.

SEC and Law Enforcement Taking Action

The SEC confirmed it is working closely with national law enforcement agencies to identify, investigate, and prosecute those responsible for these scams. It also reaffirmed its responsibility to monitor the capital markets and protect investors by releasing timely and accurate information.

How to Stay Safe

To avoid falling victim to fraudulent schemes, the SEC is urging the public to:

Verify licensing status of any investment firm through:
- Toll-Free Number: 0800 100 065
- Direct Lines: 0302 768 970 / 0302 768 971 / 0302 768 972
- Email: info@sec.gov.gh
Visit the official SEC website to access a full list of licensed capital market operators.

Growing Trend of Online Scams

This warning comes amid a rising number of online investment scams in Ghana, often disguised as tech-savvy platforms promising guaranteed wealth. The SEC urges Ghanaians to exercise caution and report suspicious investment offers.

Bottom Line

If it sounds too good to be true—it probably is.
Avoid engaging with unverified investment platforms and always confirm their regulatory status with the SEC before committing your money.

Source: theghanareport

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