The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have warned the public against a fraudulent crypto investment platform known as “Daily Wealth Guide,” which is allegedly promising Ghanaians high returns on their investments.
The warning follows the circulation of a doctored video on social media purporting to show President John Dramani Mahama endorsing the investment platform.
In a public notice issued on September 1, 2026, the two regulators said the scheme amounted to deposit-taking and cautioned the public against depositing funds with unlicensed operators.
The Bank of Ghana said: “The Bank has not licensed any entity or individual to engage in crypto investment.”
It further warned that individuals or entities involved in such activities would be committing an offence and “will be penalized and required to refund all funds received.”
According to the statement, the fraudulent scheme is being promoted through a crypto investment platform called “Daily Wealth Guide,” with the doctored presidential video being used to give the platform an appearance of legitimacy.
The BoG and SEC said the invitation to members of the public to invest in the scheme amounted to deposit-taking under the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930).
The regulators cited Section 4(i) of Act 930, which provides that “only a body corporate, licensed by the Bank of Ghana, may carry out deposit-taking business.”
They also warned that persons or entities engaged in such practices could face significant financial penalties under the Anti-Money Laundering Act, 2020 (Act 1044).
“Such individuals or entities will also be liable to a penalty of 500 – 100,000 administrative penalty units in line with section 53 (3) of Act 1044,” the statement said.Beyond administrative sanctions, the regulators said offenders could be referred to law enforcement authorities.
“Furthermore, an individual or entity that engages in such practices shall also be reported to the law enforcement agencies for investigation and prosecution,” the statement added.
The BoG urged members of the public to verify the licensing status of individuals and companies before committing their money to investment schemes.
“The public is encouraged to verify with the Bank of Ghana or other relevant authorities the licensing status of individuals or entities before depositing funds with them,” it said.
The central bank also reminded the public to “place deposits only with institutions licensed by the Bank of Ghana and other relevant authorities.”
The Bank of Ghana has directed radio, television and online platforms not to permit advertisements promoting the purported “foreign investors” behind such schemes.
“The media is encouraged to verify the licensing status of such entities with the Bank of Ghana before advertising their products and services,” the statement said.
The BoG and SEC also encouraged members of the public to report suspected illegal investment activities to the Bank’s Financial Stability Department.
The regulators said they “will not hesitate to seek the assistance of law enforcement agencies to arrest and prosecute persons who are found culpable.” The notice was signed by Aimee Vyda Quashie, Secretary of the Bank, and dated September 1, 2026.
