"SEC Warns Public Against Unlicensed Investment Schemes Promotion by News GH and Ghana News"

SEC Warns Public Against Unlicensed Investment Schemes Promotion by News GH and Ghana News

The Securities and Exchange Commission (SEC) has issued a strong caution to the investing public against engaging with investment products advertised by two unlicensed entities – News GH and Ghana News – describing their operations as fraudulent and outside Ghana’s regulatory framework.

In a public notice dated July 1, 2025, the Commission disclosed that the two entities have been using social media platforms to promote unauthorised investment schemes. News GH is reportedly operating a scheme dubbed the “Gold AI Rise Platform,” while Ghana News is marketing an unnamed product that promises excessively high returns with no associated risk.

According to the SEC, neither of the entities is licensed to carry out capital market activities in Ghana as required under Section 3 of the Securities Industry Act, 2016 (Act 929), as amended.

“In line with its mandate to protect investors and the integrity of the capital market, the Commission has commenced enforcement action in collaboration with law enforcement agencies to identify and prosecute the persons behind these unlicensed schemes,” the SEC noted in the statement.

The regulator is urging the public to exercise caution and verify the regulatory status of any investment opportunity through its official communication channels before committing funds.

The advisory was issued pursuant to Sections 3 and 208(c) of the Securities Industry Act and forms part of the Commission’s broader efforts to clamp down on unregulated market operators and safeguard investor interests.

The SEC reiterated its commitment to investor protection and warned that it would continue to monitor the market and take decisive action against any entity flouting the provisions of the Act.