Scam Watch Ghana
The scams going round right now: official warnings from the Cyber Security Authority, Bank of Ghana, SEC and others, plus numbers and sellers reported on TrustCheck. Updated every week.
Latest alert
- All
- Investment / Ponzi
- Loan apps
- Mobile money
- Impersonation
- Fake jobs
- Online shopping
- Account hacking
- Other
Week of 28 Sep 2026
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SEC shuts down Nyak-City Hostels over unlicensed investment scheme
The Securities and Exchange Commission shut down Nyak-City Hostels Limited for offering an investment product without a licence. The company promised investors guaranteed lifetime returns from hostel investments over a 60-year period. The SEC cautioned that firms must not sell investment products to the public without regulatory approval.
Named: Nyak-City Hostels Limited
Source: Citi Newsroom
Week of 31 Aug 2026
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BoG and SEC warn of 'Daily Wealth Guide' crypto scam using fake Mahama video
The Bank of Ghana and the Securities and Exchange Commission jointly warned that a crypto investment platform called Daily Wealth Guide is being promoted with a doctored video falsely showing President Mahama endorsing it. The platform is not licensed, and the Bank said it has not licensed anyone to run crypto investments. Check licensing before depositing money and report suspected illegal deposit-taking to the Bank of Ghana.
Named: Daily Wealth Guide
Source: Graphic Online
Week of 20 Jul 2026
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SEC names 23 unlicensed online investment platforms
The Securities and Exchange Commission named 23 entities operating online and on social media that are not licensed to carry out capital market activities in Ghana. The SEC urged the public not to invest in products offered by these entities and to verify any company's licence before committing funds.
Named: Afri Hub, BG Wealth, BP Investment, Creative Walker Promotion Company (CWPC), Dallmayr, Expert (Expect) Option, GAIP Securities Learning & Exchange Group, Ghana Vest, Harvest Fund, Infarms/Secure Farm, Kukafor Platform, Mazzuma, Medisyne Trade, NIO Platform, Profit Rise Invest, Quant Vest Stock Exchange (QVSE), QVES, QX Broker/Qumatix, Smart Gain, Yepbit Trading, ZEC ZEC FX, Bonchat, Ultima Cryptocurrency Group
Source: Citi Newsroom
Week of 13 Jul 2026
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SEC warns public against YEPBIT Exchange and BONCHAT investment platforms
The Securities and Exchange Commission alerted the public to a suspected fraudulent investment scheme operating as YEPBIT EXCHANGE and BONCHAT, including through crypto-asset platforms, and said neither is licensed by the SEC. It advised people to verify licensing before investing, be wary of guaranteed high returns and recruitment-based earnings, and report suspicious platforms to the SEC.
Named: YEPBIT EXCHANGE, BONCHAT
Source: sec.gov.gh
Week of 6 Jul 2026
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CSA: Ghanaians lost GH¢3.43m to online investment scams in six months
The Cyber Security Authority said it recorded 352 online investment fraud cases from January to June 2026, with losses of GH¢3.43 million. Scammers use social media ads, WhatsApp groups and mobile money, offer task-based or crypto 'investments', sometimes imitate brands (such as 'Darazz' copying Daraz), pay small early returns, then disappear. Be wary of guaranteed high returns, verify offers with regulators and report to the CSA.
Source: 3News
Week of 4 May 2026
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SEC warns public against unlicensed Fidelity Capital Investment Group
The Securities and Exchange Commission said Fidelity Capital Investment Group is not licensed and operates like a Ponzi scheme, promising unusually high returns and promoting itself on platforms such as Telegram. It is not affiliated with Fidelity Bank Ghana. The SEC advises checking its website for licensed firms before investing.
Named: Fidelity Capital Investment Group
Source: Citi Newsroom