The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have warned the public against a crypto investment scam involving a doctored video falsely portraying President John Dramani Mahama as endorsing an investment platform.
The platform, known as “Daily Wealth Guide”, is being promoted on social media with a fabricated video purportedly showing President Mahama endorsing the scheme.
The regulators said members of the public risked losing their money by investing through the platform, which has not been licensed by the Bank of Ghana to operate as a deposit-taking institution.
In a notice dated September 1, 2026, and signed by the Secretary to the Bank of Ghana, Ms Aimee Vyda Quashie, the regulators said the invitation to members of the public to invest amounted to deposit-taking business under the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
The notice said Section 4(i) of Act 930 permitted only bodies corporate licensed by the Bank of Ghana to engage in deposit-taking business.
The Bank of Ghana said it had not licensed any individual or entity to engage in crypto investment activities in the country.
It said persons behind such schemes were committing an offence and would be penalised and required to refund funds collected from victims.
The notice said offenders also faced administrative penalties ranging from 500 to 100,000 penalty units under Section 53(3) of the Anti-Money Laundering Act, 2020 (Act 1044).
It added that cases would be referred to law enforcement agencies for investigation and prosecution under sections 1 to 5 of Act 1044.
The regulators also directed media houses, including radio, television and online platforms, not to carry advertisements for the purported “foreign investors”.
They urged broadcasters to verify the licensing status of such entities with the Bank of Ghana before airing their advertisements.
Members of the public were advised to check the licensing status of individuals or institutions with the Bank of Ghana or other relevant authorities before depositing funds.
They were also urged to make deposits only with duly licensed institutions.
The warning follows a series of AI-generated deepfake videos targeting President Mahama since the beginning of the year.
In March 2026, the police arrested two suspects, Bernard Mensah and Michael Ebo Sarfo, for allegedly creating and circulating deepfake videos of President Mahama and the First Lady, Lordina Mahama, on Facebook, TikTok and WhatsApp.
In May 2026, the Inspector-General of Police’s Cyber Vetting and Enforcement Team arrested 11 more suspects, including several Nigerian nationals, in coordinated raids in the Volta Region.
The arrests were linked to a separate scheme in which AI-generated videos of the President were allegedly used to solicit money and personal information from victims.
The Bank of Ghana urged members of the public with information on illegal deposit-taking activities to report to its Financial Stability Department at The Bank Square, 42 Castle Road, Ridge, Accra, or P.O. Box 2674, Accra.
Complaints could be made by phone on 030 266 5005, 059 691 2354 or 050 150 2270, or by email at
The Bank of Ghana and the SEC said they would seek the assistance of law enforcement agencies to arrest and prosecute persons found culpable.
They urged the public to take note of the warning and exercise caution when approached with investment offers promoted through social media.
