Bank of Ghana warns public against “Daily Wealth Guide” crypto investment scam

Written by; Regina Bless

The Bank of Ghana (BoG), in collaboration with the Securities and Exchange Commission (SEC), has cautioned the public against a fraudulent investment scheme known as “Daily Wealth Guide,” which is allegedly being promoted through social media.

In a notice dated September 1, 2026, the central bank said a doctored video was circulating online in which President John Dramani Mahama was falsely portrayed as endorsing the investment platform and encouraging Ghanaians to invest.

The Bank of Ghana said the scheme involves promises of high financial returns through a cryptocurrency investment platform and warned the public not to fall victim to the claims.

According to the notice, the activities associated with the scheme amount to deposit-taking, which is regulated under the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).

The Bank stressed that only bodies licensed by the Bank of Ghana are authorised to undertake deposit-taking activities. It further clarified that the Bank has not licensed any individual or entity to engage in crypto investment.

The BoG warned that individuals or entities involved in such activities could face penalties and be required to refund funds received from members of the public. They may also face administrative penalties ranging from 500 to 100,000 penalty units under Section 53(3) of the Anti-Money Laundering Act, 2020 (Act 1044).

The Bank added that persons or entities engaged in such practices could be reported to law enforcement agencies for investigation and prosecution.

The public has therefore been advised to verify the licensing status of any individual or organisation before depositing money with them and to place deposits only with institutions licensed by the Bank of Ghana and other relevant authorities.

The central bank has also urged media organisations, including radio, television and online platforms, not to advertise such unlicensed investment schemes and to verify the licensing status of financial entities before promoting their products or services.

Members of the public who encounter such suspected illegal activities are encouraged to report them to the Bank of Ghana’s Financial Stability Department.

The Bank of Ghana and the Securities and Exchange Commission have further indicated that they will work with law enforcement agencies to pursue persons found culpable.