The Securities and Exchange Commission (SEC) has issued a strong warning to the public against engaging with two social media-based platforms promoting unlicensed investment products in Ghana.

According to a public notice issued on July 1, 2025, the SEC identified "News GH" and "Ghana News" as entities advertising and promoting unapproved investment schemes that promise high returns at no risk.

"News GH" is specifically promoting a scheme known as the "Gold AI Rise Platform," while "Ghana News" is offering an unnamed product with similarly unrealistic promises.

The SEC clarified that these entities are not licensed to operate in the capital market as required by the Securities Industry Act, 2016 (Act 929), as amended by Act 1062 (2021).

“These activities pose significant risks to the investing public,” the Commission stated.

“We are collaborating with law enforcement agencies to clamp down on the people behind these illegal schemes.”

As part of its regulatory mandate, the SEC continuously monitors the securities industry to protect investors and maintain the integrity of the market.

It urged Ghanaians to exercise extreme caution and avoid dealing with such unregulated platforms.

The Commission encouraged the public to verify the licensing status of any investment company or product by contacting the SEC via:

Toll-Free Line: 0800-100-065

Main Lines: 0302-768970 / 0302-768971 / 0302-768972

Email: info@sec.gov.gh

The SEC reaffirmed its commitment to promoting a fair, efficient, and transparent securities market in Ghana, in which investor interests are fully protected.

This public notice was issued under sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929), as amended.