The Securities and Exchange Commission (SEC) has warned the Ghanaian public to avoid two entities, News GH and Ghana News, which are promoting unlicensed investment schemes that violate the country’s securities laws. In a public notice issued on July 1, 2025, the SEC stated that these entities are operating outside of Ghana’s regulatory framework and urged citizens not to invest in their offerings.
According to the Commission, News GH is advertising a scheme called the “Gold AI Rise Platform,” while Ghana News is promoting an unnamed product that promises high returns with no associated risks—claims the SEC deems unrealistic and misleading.
“The SEC has not licensed any of the aforementioned entities to conduct capital market activities, as mandated by Section 3 of the Securities Industry Act, 2016 (Act 929), as amended,” the statement read. “The SEC is currently working with law enforcement agencies to take action against the individuals behind these entities.”
The regulator emphasized that both organizations have been using social media to market their schemes, circumventing regulatory oversight and putting investors at risk. It noted that such practices violate the investor protection measures outlined in Sections 3 and 208(c) of the Securities Industry Act.
As part of its enforcement actions, the SEC has begun working with security agencies to identify and prosecute the individuals responsible. The Commission also reminded the public of its mandate to maintain surveillance over the capital markets and to publish relevant information in the interest of investor protection. “The SEC is consequently warning the general public to be vigilant and to desist from investing in these unlicensed products,” it added.
The Commission further urged potential investors to verify the licensing status of any investment firm through its toll-free number 0800100065, direct line 0302768970-2, or email at info@sec.gov.gh. A full list of licensed capital market operators is also available on the SEC website.
The warning comes amid a growing number of online platforms offering fraudulent investment products in Ghana. The SEC reiterated its commitment to ensuring a fair, transparent, and efficient capital market and advised the public to remain cautious when approached with investment opportunities that promise unusually high returns.
By: Kweku Zurek
