The Securities and Exchange Commission (SEC) has issued a strong warning to the public, urging Ghanaians to steer clear of unlicensed investment schemes being promoted by two online platforms: News GH and Ghana News.
In a public notice dated July 1, 2025, the regulator named the two platforms for advertising unapproved investment products, including the so-called “Gold AI Rise Platform” and other unnamed schemes promising unrealistic and risk-free returns.
The SEC stressed that, neither News GH nor Ghana News is licensed to operate in Ghana’s capital market under the Securities Industry Act, 2016 (Act 929), as amended. The Commission further disclosed that it is working closely with law enforcement agencies to investigate and clamp down on these illegal operations.
“Such schemes often lure unsuspecting individuals with false assurances of high, guaranteed returns,” the SEC said. “We urge the investing public to conduct thorough due diligence and verify the licensing status of any investment provider with the SEC before committing their funds.”
*Legal measures underway*
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The latest notice, issued under Sections 3 and 208(c) of Act 929, reaffirms the SEC’s mandate to safeguard market integrity and protect investors. The Commission warned that engaging in unlicensed investment activities poses significant risks, including the potential loss of all invested capital.
The Securities and Exchange Commission (SEC) is the statutory body mandated to regulate and promote the growth and development of an efficient, fair, and transparent securities market in Ghana. This recent caution forms part of broader efforts by the Commission to clamp down on unauthorised financial operations and protect Ghanaians from investment scams.
The public is encouraged to verify the status of investment firms directly with the Securities and Exchange Commission.
