The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have warned the public against an online investment scam known as “Daily Wealth Guide”, which is using a doctored video purportedly showing President John Dramani Mahama endorsing the platform.
The regulators said the scheme promises Ghanaians high returns through a purported crypto investment platform and is using manipulated content circulating on social media to attract potential investors.
In a joint public notice issued on September 1, 2026, the BoG and SEC said activities associated with the scheme could amount to illegal deposit-taking under Ghana’s banking laws.
The regulators noted that only institutions licensed by the Bank of Ghana are permitted to take deposits from the public.
“Under Section 4(i) of Act 930, only a body corporate, licensed by the Bank of Ghana, may carry out deposit-taking business,” the notice said.
The BoG and SEC also clarified that the central bank has not licensed any individual or entity to engage in crypto investment activities.
“By this notice, the Bank of Ghana and the Securities and Exchange Commission wish to inform the public that the Bank has not licensed any entity or individual to engage in crypto investment,” the regulators said.
They warned that persons and entities operating such schemes could face penalties and be required to return money received from members of the public.
“The said individuals or entities engaged in this act commit an offence and will be penalized and required to refund all funds received,” the notice stated.
The regulators said those involved could also face administrative penalties under the Anti-Money Laundering Act, 2020.
“In addition, such individuals or entities will also be liable to a penalty of 500 – 100,000 administrative penalty units,” the BoG and SEC said.
Individuals and entities found to be involved in such activities could also be reported to law enforcement agencies for investigation and possible prosecution.
The warning highlights the growing use of social media and manipulated digital content by operators of fraudulent investment schemes seeking to gain the trust of potential victims. The alleged use of a doctored video involving the President is particularly concerning as increasingly sophisticated digital tools make manipulated content more difficult for the public to identify.
The BoG urged Ghanaians to verify the regulatory status of investment platforms and individuals before depositing or transferring money.
The public was advised to confirm with the Bank of Ghana or other relevant authorities whether an individual or entity is licensed before committing funds to an investment.
The regulators also urged media organisations, including radio, television and online platforms, to verify the licensing status of investment firms and so-called foreign investors before advertising their products and services.
The Bank of Ghana and SEC said they would seek the assistance of law enforcement agencies to arrest and prosecute persons found culpable, urging the public to avoid unlicensed investment schemes and report suspected illegal activities to the appropriate authorities.
