The Securities and Exchange Commission (SEC) has issued a public warning against two entities advertising unlicenced investment schemes on social media, as part of renewed efforts to protect investors from financial scams.
In a public notice released on July 1, 2025, the regulator identified News GH and Ghana News as operators promoting investment products without authorisation.
SEC noted that News GH is marketing an unlicenced product dubbed ‘Gold AI Rise Platform’, while Ghana News is offering an unnamed scheme that promises “unrealistic returns at no risk”.
“These entities are not licenced by SEC to carry out any Capital Market activity,” the regulator stated – citing Section 3 of the Securities Industry Act, 2016 (Act 929) as amended by Act 1062 in 2021. The SEC said it is working with law enforcement agencies to track and take action against the schemes’ promoters.
This warning forms part of the SEC’s statutory mandate to monitor securities-related activities and protect market integrity. A core responsibility of the Commission, the notice stated, is to “publish at regular intervals information it deems relevant to the public”.
“This is about investor protection,” a spokesperson for SEC said, adding that fraudsters have increasingly turned to social media platforms to lure unsuspecting individuals into high-risk or fake investment schemes. “We urge the public to be cautious and verify the licencing status of any company before committing funds.”
We urge investors to pay attention to the regulator’s warning. This should serve as a wake-up call. If an offer sounds too good to be true – especially when there’s no risk involved – it is probably dangerous and it’s important that investors tread cautiously.
This Paper advises investors be wary of deals that seem too good to be true. A word to the wise should be enough.
