The Securities and Exchange Commission (SEC) has issued a strong warning to the public against engaging with two social media-based platforms promoting unlicensed investment products in Ghana.
Some media platforms are advertising and promoting unapproved investment schemes that promise high returns at no risk.
According to a public notice issued on July 1, 2025, “News GH” is promoting a scheme known as the “Gold AI Rise Platform,” while “Ghana News” is offering an unnamed product with similarly unrealistic promises. The SEC has clarified that these entities are not licensed to operate in the capital market as required by law.
The Commission has warned that these activities pose significant risks to the investing public and has assured the public that it is collaborating with law enforcement agencies to clamp down on the people behind these illegal schemes. As part of its regulatory mandate, the SEC continuously monitors the securities industry to protect investors and maintain the integrity of the market.
The SEC has urged Ghanaians to exercise extreme caution and avoid dealing with such unregulated platforms. To ensure safety, the public is encouraged to verify the licensing status of any investment company or product by contacting the SEC through its toll-free line, main lines, or email.
The SEC reaffirmed its commitment to promoting a fair, efficient, and transparent securities market in Ghana, where investor interests are fully protected. The public notice was issued under sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929), as amended.
Source: Apexnewsgh.com/Ngamegbulam Chidozie Stephen
