The Securities and Exchange Commission (SEC) has cautioned Ghanaians for alleged promotion of unlicensed investment schemes by two social media platforms, thus News GH and Ghana News.
According to SEC in public notice dated Tuesday, July 1, 2025, the promotions by both organisations are not unauthorized, urging Ghanaians to exercise caution and avoid falling victim to such schemes.
News GH, SEC stated is promoting an investment product dubbed the Gold AI Rise Platform, which has not been approved by the SEC. Similarly, Ghana News is marketing an unnamed investment opportunity that promises unrealistic returns at no risk — a classic hallmark of fraudulent schemes.
A portion of the statement noted, “General Public is hereby put on notice of the following list of entities operating on social media promoting
and operating unlicensed investment products in the country. These entities are: News GH – advertising an unlicensed investment product called “Gold AI Rise Platform.” Ghana News – advertising an unnamed unlicensed investment product, promising unrealistic returns at no risk.”
The Commission assured that it is collaborating with law enforcement agencies to track down and prosecute those behind these operations.
The SEC is urging the public to be vigilant and to refrain from engaging with or investing in such unlicensed products, which expose individuals to significant financial risks.
“The SEC has not licensed any of the above-mentioned entities to carry out Capital Market activities, as mandated by Section 3 of the Securities Industry Act, 2016 (Act 929) as amended. The SEC is currently collaborating with law enforcement agencies to clamp down on the people behind these entities. The SEC is consequently warning the General Public to be vigilant and to desist from investing in these unlicensed products,” the statement emphasized.
Source: Ghana/Starrfm.com.gh/Hamdia Mohammed
