The Securities and Exchange Commission (SEC) has arrested four individuals, including three Rwandan nationals and one Ghanaian, over suspected fraudulent investment operations in Ghana’s Northern Region.
The arrests, carried out in collaboration with the Economic and Organised Crime Office (EOCO) and the Ghana Police Service, follow weeks of covert investigations aimed at dismantling schemes that threaten investor trust in the country’s financial markets.
Deputy Director-General of SEC, Mensah Thompson, speaking at an engagement with the Ghana Journalists Association, stressed the Commission’s uncompromising stance on investor protection.
“In-house, we have an investigation team that goes out to investigate these schemes, and two weeks ago, they were in the Northern Region. They were able to arrest four people, three Rwandan nationals and one Ghanaian. They work with EOCO and the Ghana Police Service, and the suspects are currently standing trial,” he revealed.
Thompson underscored that the crackdown was not just about policing the sector but also about safeguarding recent macroeconomic gains that have boosted investor confidence.
“Ghana has just come out of a debt exchange programme which took a lot of confidence away from the capital market. Fortunately for us, through prudent economic management and stability of the macroeconomic indicators, we have seen confidence bouncing back. We have seen an upwards trajectory in most of our key portfolios, and it has become very necessary for us to protect these gains,” he said.
The SEC says the arrests mark a critical step in cleaning up the capital market and ensuring that fraudulent schemes do not undermine efforts to attract sustainable investments.
