The Cyber Security Authority (CSA) has raised concern over a sharp increase in fraudulent online investment schemes after victims lost a combined GH¢3,429,447 during the first six months of 2026, underscoring growing cyber-enabled financial risks to individuals and the broader digital economy.
According to the Authority, it recorded 352 cases over the period, with fraudsters using social media advertising and mobile money transactions to lure unsuspecting investors with promises of unusually high investment returns.
The CSA said the schemes are being operated under multiple aliases, with perpetrators frequently changing identities to avoid detection by law enforcement agencies, regulators and the public. Among the latest names identified are “Darazz, Daily Trade, Ghstore, KUKA and Edollar”.
To enhance their credibility, the Authority said the fraudsters falsely present themselves as subsidiaries of established foreign companies, including “Darazz,” which they claim is linked to a “legitimate e-commerce business headquartered in Pakistan”.
Victims are reportedly targeted through sponsored advertisements on social media platforms and are encouraged to invest money in what are described as crypto-mining equipment leases or online business task programmes. The scammers promise substantial financial returns, but after receiving payments, victims neither obtain the promised profits nor recover their original investments.
The CSA noted that the increasing sophistication of these operations highlights the need for stronger public vigilance as Ghana continues to expand digital financial services and online commerce.
The Authority urged the public to exercise caution when approached with investment opportunities offering unusually high returns and advised against joining WhatsApp groups or responding to unsolicited messages claiming affiliation with reputable organisations.
It further encouraged prospective investors to verify the legitimacy of any investment opportunity through official channels and recognised regulatory bodies before committing funds.
The CSA also urged the public to report suspicious contacts and suspected fraudulent investment schemes to the Authority, supporting investigations and helping to curb the growing threat of online financial fraud.
