Accra: The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have cautioned the public against Daily Wealth Guide, a crypto investment platform being promoted on social media using a doctored video that appears to show President John Dramani Mahama endorsing the scheme.
According to Ghana Web, the central bank released a press statement on September 1, 2026, alerting the public that the platform is targeting Ghanaians with promises of high investment returns. The BoG stated that no entity has been licensed to undertake crypto investment or deposit-taking activities of this nature in Ghana.
The statement emphasized that inviting the public to invest in such a scheme constitutes deposit-taking under the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), which can only be performed by companies licensed by the central bank. The regulators warned that operators of the platform would be required to refund all money collected from the public and could face penalties ranging from 500 to 100,000 administrative penalty units under the Anti-Money Laundering Act, 2020 (Act 1044).
Additionally, the BoG and SEC have prohibited radio, television, and online media outlets from advertising or promoting the platform. They advised media houses to verify the licensing status of individuals or entities presenting themselves as foreign investors with the Bank of Ghana before carrying their advertisements.
The regulators stated that individuals or entities behind the scheme would be referred to law enforcement agencies for investigation and possible prosecution. The Bank of Ghana urged the public to check whether an individual or company is properly licensed before depositing or investing money with them and encouraged reporting suspicious financial activities to its Financial Stability Department.