Ghana's Securities and Exchange Commission slammed the brakes on two shady investment operations last week. News GH and Ghana News have been pushing dodgy money schemes across social media without proper licenses. The financial watchdog called both companies completely illegal under local laws. These outfits promised massive returns with zero risk to attract victims. Officials say such guarantees always signal trouble ahead.
News GH hawks something called the Gold AI Rise Platform to unsuspecting people online. Ghana News peddles another unnamed scheme that claims investors cannot lose money. Neither company holds the required permits to handle investments in Ghana. The Securities Industry Act demands all investment firms get official approval before operating. Both groups ignored these rules and started taking people's cash anyway.
Commission bosses teamed up with police to hunt down the crooks behind these fake schemes. They plan to arrest and charge anyone running these illegal operations. Financial regulators stress that high-return promises without risk always mean scams. Investigators are tracking the money trails to find the masterminds. The crackdown aims to protect ordinary Ghanaians from losing their savings.
Citizens should check if investment companies have proper licenses before handing over money. The Commission offers official ways to verify if schemes are legitimate or fraudulent. Digital scams disguise themselves as modern investment opportunities to fool victims. Smart investors always research companies before investing their hard-earned cash. The warning comes as online financial fraud increases across the country.
News GH hawks something called the Gold AI Rise Platform to unsuspecting people online. Ghana News peddles another unnamed scheme that claims investors cannot lose money. Neither company holds the required permits to handle investments in Ghana. The Securities Industry Act demands all investment firms get official approval before operating. Both groups ignored these rules and started taking people's cash anyway.
Commission bosses teamed up with police to hunt down the crooks behind these fake schemes. They plan to arrest and charge anyone running these illegal operations. Financial regulators stress that high-return promises without risk always mean scams. Investigators are tracking the money trails to find the masterminds. The crackdown aims to protect ordinary Ghanaians from losing their savings.
Citizens should check if investment companies have proper licenses before handing over money. The Commission offers official ways to verify if schemes are legitimate or fraudulent. Digital scams disguise themselves as modern investment opportunities to fool victims. Smart investors always research companies before investing their hard-earned cash. The warning comes as online financial fraud increases across the country.
