Ghana SEC Flags Two Unlicensed Investment Schemes Promoted on Social Media

The Securities and Exchange Commission (SEC) of Ghana has issued a public alert cautioning against two entities, News GH and Ghana News, which it confirms are promoting unlicensed investment schemes in violation of securities laws.

In the notice published on July 1, the SEC stated that both entities are operating outside Ghana’s regulatory framework and urged the public to avoid investing in their products. 

News GH is advertising a product called the “Gold AI Rise Platform”, while Ghana News is promoting an unnamed investment scheme that promises unrealistic returns with no risk. These claims are misleading and false. Both entities have leveraged social media to promote their schemes, circumventing regulatory oversight and exposing investors to heightened risks.

According to the SEC, neither News GH nor Ghana News is licensed to conduct capital market activities. The Commission is currently working alongside law enforcement agencies to investigate and take action against the individuals or organizations behind these schemes.

The SEC is advising the public to exercise heightened caution and verify the licensing status of any investment firm via official channels.

If you suspect a website is fraudulent or have fallen victim to a financial scam, you can Submit a Complaint to BrokersView.