The Cyber Security Authority (CSA) has issued a public alert warning Ghanaians about a growing number of fraudulent online investment schemes that have caused significant financial losses across the country.
According to the Authority, scammers are increasingly using fake investment platforms and social media advertisements to lure unsuspecting victims with promises of high returns.
The criminals often operate under different names and aliases to avoid detection while targeting individuals seeking quick profits.
In a statement released on July 6, 2026, the CSA disclosed that it recorded 352 cases of online investment fraud during the first six months of the year.
The reported cases resulted in total financial losses of more than GH¢3.4 million, highlighting the growing threat posed by cyber-enabled financial crimes.
The Authority explained that fraudsters often present themselves as representatives or subsidiaries of well-known international companies in an attempt to gain the trust of potential investors.
In some cases, victims are told that their funds will be used for cryptocurrency mining operations, online business activities or other digital investment opportunities that supposedly guarantee substantial profits.
However, once victims transfer money through mobile money or other payment platforms, they neither receive the promised returns nor recover their initial investments.
The CSA further revealed that the perpetrators frequently change the names of their schemes to evade law enforcement agencies, regulators and the public.
Some of the names recently associated with such activities include Darazz, Daily Trade, Ghstore, KUKA and Edollar.
Cybersecurity experts have repeatedly cautioned the public that investment opportunities promising unusually high or guaranteed returns often carry significant risks and may be fraudulent.
The Bank of Ghana and the Securities and Exchange Commission have also on several occasions advised the public to verify investment platforms before committing funds.
To protect themselves, the CSA is urging Ghanaians to exercise caution when approached with online investment offers, avoid joining suspicious WhatsApp groups and verify the legitimacy of investment schemes through official regulatory bodies.
The Authority also encouraged the public to report suspected scams for investigation.
Victims and concerned citizens can contact the CSA through its 24-hour Cybersecurity and Cybercrime Incident Reporting Centre by calling or texting 292, sending a WhatsApp message to 0501603111, or emailing report@csa.gov.gh.
