The Bank of Ghana has issued two urgent public notices cautioning citizens against engaging with unlicensed financial operators and fraudulent crypto investment schemes.
In a statement signed by Aimee Vyda Quashie, Secretary of the Bank, dated September 1, the central bank reminded the public to verify the licensing status of individuals or entities before depositing funds. It emphasized that deposits must only be placed with institutions licensed by the Bank of Ghana and other relevant authorities. The notice further directed media outlets not to advertise so‑called “foreign investors” without confirming their legitimacy, warning that offenders risk arrest and prosecution in collaboration with law enforcement agencies.
A separate alert, numbered BG/GOV/SEC/2026/27, targeted a fraudulent crypto platform known as Daily Wealth Guide. According to the Bank, scammers have circulated a doctored video on social media falsely claiming endorsement by President John Dramani Mahama. The Bank of Ghana and the Securities and Exchange Commission clarified that no entity or individual has been licensed to operate crypto investments in Ghana. The alert cited the Anti‑Money Laundering Act 2020 (Act 1044) and the Banks and Specialized Deposit‑Taking Institutions Act 2016 (Act 930), stressing that only licensed corporate bodies may conduct deposit‑taking business. Violators, it warned, face severe penalties and possible prosecution.
The Bank urged the public to report suspicious activities to its Financial Stability Department at Ridge, Accra, via telephone numbers 030 266 5005, 059 691 2354, or 050 150 2270, or by email at complaints.office@bog.gov.gh.
These twin notices underscore the regulator’s heightened vigilance against financial scams and its determination to safeguard depositors and the integrity of Ghana’s financial system.
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