Claim: GOIL is selling shares at GH₵3,000
Source: YouTube
Verdict: Scam
Researched by Gifty Tracy Aminu
GhanaFact has monitored advertising campaigns on YouTube, a supposed government-backed investment scheme sponsored by the Ghana Oil Company Limited, GOIL PLC, a government-owned fuel distributor.
The adverts, which play over YouTube videos, claim the shares are being sold for a minimum of GH₵3,000, promising buyers a GH₵15,000 monthly return with a guarantee from the Government of Ghana.
“Start with ₵3,000 and receive a stable ₵15,000 monthly income. Government-backed and secured,” one of the advert highlights. “Buy 10 shares for ₵3,000 and get from ₵15,000 a month on your card with a guarantee from the government,” another ad stated.
GhanaFact found that the adverts are run by different entities whose website links when clicked leads to platforms other than the official GOIL website.
The websites behind these advertising campaigns include psychichypnosis.com, SENSORVEZ, Conglutinativeruo, FOYILSUCD, and Implexionsskva.com.
This report will verify if GOIL PLC is selling any public shares and whether it has any affiliation with these websites.
Fact-check
GhanaFact’s investigation revealed that the company, GOIL PLC, has issued a disclaimer, distancing itself from the alleged share sales and investments.
The caption to the disclaimer on Instagram reads: “SCAM ALERT!! GOIL has NOT launched any investment scheme. Ignore fake ads promising returns on GOIL shares/cards. For accurate info, check only our official website & pages. Verify first, stay vigilant.”
The disclaimer further said;
- These advertisements and websites are FAKE and not authorized by GOIL.
- GOIL has not launched any investment scheme that guarantees monthly returns on shares or cards.
- Any use of GOIL’s name, logo or image in such promotion is fraudulent and intended to mislead the public.
GhanaFact noted that the oil marketing company has issued this disclaimer across its social media platforms, including X and Facebook.
Verdict
From the above, the adverts on YouTube supposedly run by GOIL are Scams!
The cloning of myjoyonline website
GhanaFact noted that upon initially clicking the URL of psychichypnosis.com, potential investors are directed to a cloned website of myjoyonline.com with an article that claims Edward Abambire Bawa, the Managing Director of GOIL PLC, has launched the GOIL Project.
The article also proposed a GH₵3,000 investment as an initial deposit and earnings of GH₵15,000, as debunked by GOIL PLC.
Embedded in the article is also a doctored video of President Mahama allegedly endorsing the investment scheme, but GhanaFact investigations revealed that the article was fabricated and false.
Investigating the websites
Meanwhile, GhanaFact observed significant similarities and correlations between three of these websites sponsoring the ads on YouTube.
The three websites investigated are Implexionsskva.com, psychichypnosis.com and conglutinativeruo.com. All three platforms identified themselves as financial literacy platforms and they heavily relied on the use of AI-generated images.
Highlights of things in common among these three websites
- Similar phone numbers run across all three platforms
- The platforms exhibit maps on their websites with no identifiable landmarks.
- The use of AI-generated images for all profiles on the platforms
- Inconsistent years of existence in the creation of the websites
Website 1 – Implexionsskva.com
Implexionsskva.com located in Kumasi on 9 Asokwa Road described itself as: “Ghana’s premier financial literacy education provider, dedicated to empowering individuals and families with essential money management skills… founded in 2021 in the vibrant city of Kumasi, Implexionsskva emerged from a passionate vision to address the financial literacy gap affecting Ghanaian households.”
The platform outlined its learning process, course modules, and claimed to have trained over 500 students with a 95% success rate, and has over 3+ years of experience. Also, the platform only shared three success stories with AI-generated images.
Implexionsskva.com claimed to have partners, but the logos of the partners are not clickable, and open-source search for some of the listed companies did not yield any positive results.
The platform also claimed to have had some media encounters with some Ghanaian Media outlets, such as Ghana Times Feature and an interview on Kumasi FM, and had received recognition from the Ghana Business Journal. Our search for the Ghana Business Journal led to a dormant Facebook account, whose last post was in 2018.
GhanaFact noted that a section was created on the platform for interested applicants to apply to participate in the financial literacy class.
But who is behind this website, and how credible is it?
The websites share three images as the identities of the CEO and Founder, named as Kwabena Asante, Director of Education, Abena Osei, and Community Outreach Manager, Samuel Boateng. The images looked suspicious, so we investigated whether they were AI-generated.
Using AI detector Hive Moderation to verify the genuineness of the images shared on the website, all three images returned a result that they were 99.9% likely to contain AI-generated or deepfake content.
Using WHOIS information on the domain name – implexionsskva.com, GhanaFact found out that in contrast to what the platform mentioned to have been in existence since 2021, its WHOIS information shows that the platform was created on September 2, 2025 and set to expire on September 2, 2026.
Website 2 – psychichypnosis.com
Although the URL to the platform is psychichypnosis.com, the website identified itself as NEBULATIQ, dedicated to bridging the digital finance literacy gap in Ghana and beyond. It also claimed to have been founded in 2018 and located in Cape Coast.
This platform has similar features just as the platform above. All images on the website are AI-generated and claim to offer digital financial literacy.
GhanaFact used WHOIS information for the domain – psychichypnosis.com. GhanaFact found that, contrary to the platform’s indication that it started operation in 2018, WHOIS revealed this platform was registered in 2008, updated in 2025 and set to expire in 2026.
The registration was done under the GoDaddy name; this means that the owner of the website remains unknown. However, WHOIS information indicated that the website is available for purchase, even though registered.
GhanaFact noted that the last events or training sessions by this platform were held between June and July 2023. The page has also not disclosed who the founder or the team members are, except for a portal provided for interested applicants to submit their details for enquiries.
Website 3 – conglutinativeruo.com
Like the two earlier websites, this one also claims to offer financial literacy since its establishment in 2010, with a physical office in Tamale. The platform also claimed to have trained 3,500 families in financial literacy over its 12 years of experience.
The website claimed to have some trusted partners, but the only recognised name among the partners is the Ghana Education Service; however, the logo on the platform is not the official logo of the lead education agency in Ghana.
GhanaFact also noted the use of AI-generated images and no information about the founder and team members.
Using WHOIS information for the domain, GhanaFact found an interesting twist on the date of registration. WHOIS information reveals that the website was created on July 21, 2025, updated on January 1, 2001 and set to expire on July 21, 2026, while highlighting that the domain was available for purchase.
Conclusion
All three websites investigated appear to have been recently created to facilitate the fraudulent GOIL shares sales scam. Just as the disclaimer from GOIL PLC stated, individuals should not make any financial commitment to the platforms for any returns.