Regulatory Alerts2025-11-24
Warning Against Unauthorised Advertisements on Fraudulent Investment Schemes
The Securities and Exchange Commission of Ghana has issued a public notice warning against unlicensed television advertisements promoting fraudulent "money doubling" investment schemes. The regulator explicitly identifies thirty-three television channels and associated schemes as unapproved, citing Sections 144(1) of the Securities Industry Act and 294(1)(b) of the Companies Act to declare such unauthorized public invitations a criminal offence. Investors are urged to verify the licensing status of any capital market service provider through the SEC’s toll-free hotline, main line, or official email before committing funds.
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