The Securities and Exchange Commission (SEC) has cautioned the Ghanaian public against engaging with two entities, News GH and Ghana News, that it says are promoting unlicensed investment schemes in violation of the country’s securities laws.
In a public notice issued on July 1, 2025, the SEC identified the two entities as operating outside Ghana’s regulatory framework and urged Ghanaians to refrain from investing in their products.
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 risk; claims the SEC describes as unrealistic and misleading.
“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 statement said. “The SEC is currently collaborating with law enforcement agencies to clamp down on the people behind these entities.”
The regulator warned that both organisations have been actively using social media to market their schemes, bypassing regulatory scrutiny and putting investors at risk. It noted that such practices fall foul of the investor protection measures outlined under 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 [email protected]. 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.
