The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have warned the public against a suspected crypto investment scam being promoted through a platform called “Daily Wealth Guide”.
The regulators said scammers were using social media to promise Ghanaians high returns from investments while circulating a doctored video purportedly showing President John Dramani Mahama endorsing the platform.
In a notice issued on September 1, 2026, the BoG and SEC cautioned the public not to be misled by the purported presidential endorsement, describing the video as doctored.
“The Bank of Ghana and the Securities and Exchange Commission… wish to caution the public against scammers who are promising high sums of money to Ghanaians through a crypto investment platform,” the notice stated.
The regulators said invitations to the public to deposit funds into the scheme amounted to deposit-taking under the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
Under Section 4(i) of Act 930, they noted, only a body corporate licensed by the Bank of Ghana may undertake deposit-taking business.
The BoG further disclosed that it had not licensed any individual or entity to engage in crypto investment activities.
“The Bank has not licensed any entity or individual to engage in crypto investment,” the notice stated, warning that persons or entities involved in the activity could face penalties and be required to refund funds received from victims.
The regulators said offenders could also face administrative penalties ranging from 500 to 100,000 penalty units under Section 53(3) of the Anti-Money Laundering Act, 2020 (Act 1044).
They added that suspected offenders would be reported to law enforcement agencies for investigation and prosecution in accordance with the relevant provisions of the law.
The BoG urged members of the public to verify the licensing status of individuals or entities with the central bank or other relevant authorities before depositing funds with them.
“Members of the public are reminded to place deposits only with institutions licensed by the Bank of Ghana and other relevant authorities,” it said.
The central bank also directed media organisations, including radio, television and online platforms, not to advertise the schemes or the purported “foreign investors”.
“The media is encouraged to verify the licensing status of such entities with the Bank of Ghana before advertising their products and services,” the notice stated.
The BoG and SEC said they would seek the assistance of law enforcement agencies to arrest and prosecute persons found culpable.
The public has been encouraged to report suspected illegal investment activities to the BoG’s Financial Stability Department through its designated telephone numbers and complaints email.
