The Securities and Exchange Commission Ghana issued a public notice warning of a recent rise in fraudulent investment schemes operating in the country without SEC licensing and urged the public to avoid offers displaying common scam indicators. The SEC flagged schemes that misuse images, videos or names of public officials and other influential persons, including through artificial intelligence-generated content that mimics voices, faces and videos, and operations run through anonymous or unverifiable social media accounts, websites or mobile applications that lack credible physical addresses, licence numbers or identifiable contacts. The notice also highlighted promises of unreasonably high returns within very short timeframes, noted ongoing work with law enforcement agencies to investigate and dismantle the operations, and advised investors to verify the licensing status of any entity offering capital market investment products or services with the SEC, citing sections 3 and 208(c) of the Securities Industry Act 2016 as amended.
Securities and Exchange Commission Ghana 2025-07-25
Securities and Exchange Commission Ghana cautions investors over unlicensed fraudulent investment schemes using AI and public figure impersonation
The Securities and Exchange Commission Ghana warned of rising fraudulent investment schemes lacking SEC licensing, urging the public to avoid offers with scam indicators. These schemes misuse public figures' images, AI-generated content, operate on unverifiable platforms, and promise high returns. The SEC is working with law enforcement to dismantle these operations and advises investors to verify the licensing status of entities offering investment products.