The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have warned the public against a crypto investment scheme known as “Daily Wealth Guide”, which allegedly promises large sums of money to investors.
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 notice dated September 1, 2026, the two regulators said the video was fake and cautioned Ghanaians against falling for the scheme.
“A doctored video is circulating on social media where the President of the Republic of Ghana, His Excellency John Dramani Mahama, has purportedly endorsed the investment platform named ‘Daily Wealth Guide,’” the notice stated.
The BoG and SEC said the activities of the promoters amount to deposit-taking, which is regulated under the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
They stressed that only institutions licensed by the Bank of Ghana are legally permitted to undertake deposit-taking activities.
According to the regulators, the Bank of Ghana has not licensed any individual or entity to engage in crypto investment.
“The Bank has not licensed any entity or individual to engage in crypto investment,” the notice said.
The regulators warned that persons or entities involved in the scheme could face sanctions, including being required to refund money collected from members of the public.
They could also face administrative penalties ranging from 500 to 100,000 penalty units under Section 53(3) of the Anti-Money Laundering Act, 2020 (Act 1044).
The BoG and SEC further warned that suspected operators would be referred to law enforcement agencies for investigation and possible prosecution.
Media houses cautioned
The Bank of Ghana has also directed media organisations to be cautious about advertising investment platforms whose licences have not been verified.
“The Bank of Ghana wishes to notify all media outlets, including radio, television and online channels, NOT to permit the advertisement of these ‘foreign investors’ on their platforms,” the notice stated.
It urged media houses to verify the licensing status of such entities with the Bank of Ghana before publishing or airing advertisements for their products and services.
The public has similarly been advised to confirm the licensing status of investment companies with the appropriate regulators before depositing money with them.
“Members of the public are reminded to place deposits only with institutions licensed by the Bank of Ghana and other relevant authorities,” the regulators said.
The Bank of Ghana and SEC said they would work with law enforcement agencies to pursue individuals found to be behind the scam.
“The Bank of Ghana and the Securities and Exchange Commission will not hesitate to seek the assistance of law enforcement agencies to arrest and prosecute persons who are found culpable,” the notice added.
