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.
In a press statement released on September 1, 2026, the central bank said the platform is targeting Ghanaians with promises of high investment returns.
It stated that no entity has been licensed to undertake crypto investment or deposit-taking activities of this nature in Ghana.
How to check if a cedi note is genuine
“By this notice, the Bank of Ghana and the Securities and Exchange Commission wish to inform the public that the Bank has not licensed any entity or individual to engage in crypto investment,” it stated.
According to the BoG, inviting members of the public to put money into the scheme amounts to deposit-taking under the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930). Such activities can only be carried out by companies licensed by the central bank.
The regulators warned that anyone found operating the platform would be required to refund all money collected from the public.
Those behind the scheme could also face penalties ranging from 500 to 100,000 administrative penalty units under the Anti-Money Laundering Act, 2020 (Act 1044).
“In addition, 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 institution warned.
The BoG and SEC have also directed radio, television and online media outlets not to advertise or promote the platform.
PHOTOS: New look emerging at Accra Airport Terminal 2 after $15 million upgrade
Media houses have been advised 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 said individuals or entities found to be behind the scheme would also be referred to law enforcement agencies for investigation and possible prosecution.
The Bank of Ghana has urged the public to check whether an individual or company is properly licensed before depositing or investing money with them.
It also encouraged the public to report suspicious financial activities to its Financial Stability Department.
Notice: Scam Alert - Daily Wealth Guide. pic.twitter.com/Nh5ULwRmcc
— Bank of Ghana (@thebankofghana) September 2, 2026 DR/MA