BoG warns Ghanaians against unlicensed ‘Daily Wealth Guide’ crypto investment scheme
The Bank of Ghana (BoG) has warned the public against a fraudulent crypto investment platform known as “Daily Wealth Guide”, which is allegedly promising Ghanaians high returns on their investments.
The warning follows the circulation of a doctored video on social media purportedly showing President John Dramani Mahama endorsing the platform.
In a notice dated September 1, 2026, the Bank of Ghana and the Securities and Exchange Commission (SEC) said the individuals behind the scheme were unlawfully soliciting funds from the public.
The central bank said it “has not licensed any entity or individual to engage in crypto investment”, adding that persons or entities involved in such activities commit an offence.
The notice said the scheme also amounts to deposit-taking activity, which is regulated under the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
“Under Section 4(i) of Act 930, only a body corporate, licensed by the Bank of Ghana, may carry out deposit-taking business,” the notice said.
The Bank of Ghana urged members of the public to verify the licensing status of individuals and entities with the central bank or other relevant authorities before depositing funds.
It also advised the public to place deposits only with institutions licensed by the Bank of Ghana and other relevant authorities.
The central bank further directed media organisations, including radio, television and online platforms, not to permit advertisements by the alleged “foreign investors” behind such schemes without first verifying their licensing status.
According to the notice, persons or entities found engaging in the illegal activities could be required to refund all funds received and face administrative penalties ranging from 500 to 100,000 penalty units under Section 53(3) of the Anti-Money Laundering Act, 2020 (Act 1044).
They may also be reported to law enforcement agencies for investigation and prosecution.
The Bank of Ghana and SEC said they would seek the assistance of law enforcement agencies to arrest and prosecute persons found culpable.
The public has been encouraged to report suspected illegal activities to the Bank of Ghana’s Financial Stability Department.
